BlackRock accumulated over $1B in Bitcoin and Ether during market weakness. BTC holding $90K remains key for confirming the next breakout.
BlackRock added 9,619 Bitcoin BTC $78 427 24h volatility: 1.1% Market cap: $1.57 T Vol. 24h: $20.75 B worth about $878 million and 46,851 Ether ETH $2 368 24h volatility: 2.1% Market cap: $285.74 B Vol. 24h: $9.45 B worth about $149 million across three straight days.
The combined total stands near $1.03 billion, based on on-chain tracking from LookOnChain. The buys hit during market weakness, not during a breakout, which matters.
On January 6 alone, BlackRock picked up 3,948 Bitcoin worth about $371.9 million and 31,737 Ether worth about $100.2 million.
This flow dominated early-2026 ETF activity and marked the largest single-day intake of the year so far.
BlackRock has been accumulating $BTC and $ETH for 3 consecutive days, with a total of 9,619 $BTC($878M) and 46,851 $ETH($149M). pic.twitter.com/80IYyvPfM4
— Lookonchain (@lookonchain) January 8, 2026
At the time of writing, Bitcoin is trading near $90,212 and ETH near $3,118 at press time, both lower on the day. While BTC’s trading volume fell 24%, Ether’s dropped 19%.
It is important to note that during the holiday period, BlackRock moved 1,134 Bitcoin and 7,255 Ether to Coinbase Prime.
The transfers raised sell-off concerns, but price action stayed heavy rather than sharp
ETF Flows Meet a Reset Market
Bitcoin entered 2026 after a sharp pullback from the $110,000-$120,000 zone to the low $90,000s. On-chain data from CryptoQuant shows the SOPR ratio near exhaustion levels seen in prior resets.
Short-term holders locked losses through December, while long-term holders kept profit without heavy selling. This pattern often marks a transfer from weak hands to strong balance sheets.
Bitcoin SOPR Ratio. | Source: CryptoQuant
A hold above the current $90K zone keeps $100,000-$110,000 in play. A break below $88,000 opens risk toward $80,000.
Glassnode data shows a cleaner structure after year-end positioning washed out. More than 45% of options open interest cleared.
Futures interest has now turned higher while ETF flows have reappeared after late-2025 exits.
“The early-January breakout thus reflects a market that had effectively reset its profit-taking pressure, allowing the price to move higher,” Glassnode noted.
For now, Bitcoin support sits near $90,000. Overhead supply caps move between $95,000 and $104,000.
With options flow now favoring calls and volatility dropping near cycle lows, Glassnode painted an optimistic picture for the near future.
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