- Bitcoin’s IBIT spot ETF continues to attract strong institutional inflows, enhancing upward pressure.
- The market is primed for a potential short squeeze.
Bitcoin [BTC] is on the brink of something big. With over $3 billion in short positions stacked below $100k, a massive short squeeze is primed for takeoff.
And this time, BlackRock’s IBIT spot ETF could be the spark that sends BTC soaring into six-figure territory.
BlackRock is absolutely dominating the scene with 52% of the spot Bitcoin ETF market, holding a hefty 604,049 BTC in its treasury. Meanwhile, rivals Fidelity and Grayscale are trailing with just 17%.
Together, spot ETFs account for 5.82% of Bitcoin’s circulating supply, with a combined 1.154 million BTC. Given BlackRock’s commanding position, it is a key player in Bitcoin’s next big market move.
Source: X
Since the 21st of April, IBIT alone has seen nearly $4 billion in inflows, right as Bitcoin smashed through the $85k resistance wall. Hence, tightening supply and turning up the pressure on short sellers.
And institutional adoption? It’s not just talk. Brown University just allocated $4.9 million to IBIT, a 2% chunk of its $216 million endowment.
That’s a signal that even Ivy League capital is leaning into the Bitcoin narrative.
Meanwhile, net flows into rival spot ETFs remain flat, reinforcing the idea that BlackRock is driving the lion’s share of institutional momentum.
With IBIT absorbing the bulk of inflows, BTC’s push toward the $100k mark could be fueled not by “hype” — but by cold, hard capital.
Bitcoin ascent stalls as FOMO meets Fear
According to AMBCrypto, fear is baked into the equation.
A clean break above $100k would take Bitcoin back to early Q1 highs – prime territory for profit-taking.
Short-term holders who’ve morphed into long-term holders may see this as their exit ramp, and bears won’t hesitate to pounce.
Even now, as BTC grinds against the stubborn $96k resistance, market sentiment remains fragile. Over 63% of Binance’s BTC/USDT perpetual traders are skewed short, highlighting the hesitation.
But that could flip fast. With institutional cash flooding into Bitcoin via IBIT, a liquidity sweep could turn that fear into FOMO in no time.
At $97.5K, there’s already $12.46 million in leveraged positions active on the 12-hour lookback chart. A quick move could trigger liquidations and send BTC toward higher targets.
Source: CoinGlass
In this landscape, IBIT isn’t just another fund – it’s the rocket fuel Bitcoin needs to power through resistance and reclaim the $100k level.