The post BlackRock IBIT Dominates ETF Market, Is Bitcoin Price Heading to $120K? appeared first on Coinpedia Fintech News The Bitcoin price isn’t just holding its ground, infact it is marching forward with the strength of both new and legendary players backing its magnificent run. As multiple on-chain and institutional signals flash bullish indications, the market narrative around BTC price is evolving again and this time, it’s looking even stronger than ever before. New Whale Activity Signals Aggressive Accumulation In Bitcoin A major reveal in whale behavior is catching the crypto community’s attention very strongly. According to a post by analyst MisterrCrypto, a metric tracked by CryptoQuant has recently showcased that new whales are buying Bitcoin at unprecedented levels in 2025. This advancement in activity is a clear indicative of heightened conviction among fresh institutional and high-net-worth entrants. New whales are buying more Bitcoin than ever before. Extremely bullish signal! pic.twitter.com/saw6a2stlx — Mister Crypto (@misterrcrypto) July 4, 2025 Just hours before this insight, spotonchain shared jaw-dropping on-chain data, where he mentioned a legendary Bitcoin whale. The post revealed that this whale, dormant for over 14 years, has resurfaced and has transferred its stash of 10,000 BTC coins, currently worth over $1.09 billion, to a new wallet. The whale reportedly acquired this stash in 2011 at just $0.78 per BTC, making it as one of the most profitable dormant addresses ever recorded so far in history, with an unrealized return of more than 140,000x is a real big deal. This two-fold signal has injected some serious confidence into an already heated Bitcoin market. Institutional Strength Increased With IBIT Reaching BlackRock’s Top 3 ETF product Meanwhile, the institutional adoption curve is already in acceleration mode, and a Bloomberg ETF analyst’s recent update has pushed the accelerator even harder. Eric Balchunas posted a data table that clearly highlighted the meteoric rise of BlackRock’s IBIT Bitcoin ETF. He mentioned that it has now become the 3rd highest revenue-generating ETF out of BlackRock’s 1,197 funds. $IBIT is now the 3rd highest revenue-generating ETF for BlackRock out of 1,197 funds, and is only $9b away from being #1. Just another insane stat for a 1.5yr old (literally an infant) ETF. Here's Top 10 list for BLK (aside, how about the forgettable $IWF at top spot, who knew?) pic.twitter.com/T4xdIA2Rea — Eric Balchunas (@EricBalchunas) July 3, 2025 Balchunas further praised IBIT’s exceptional growth and finds it insanely mindblowing, knowing that it’s just 1.5 years since its launch. He further added that this young ETF is only a few spots away from reaching the top spot in BlackRock’s top-performing ETF by revenue, despite competing with funds that have decades-long track records. [post_titles_links postid=”478551″] Cathie Wood: BTC Is Acting More Like “Risk-Off” Asset in 2025 Adding to the bullish chorus, Cathie Wood, famously known as CEO of ARK Invest, has recently stated in a clip that Bitcoin has been acting more like a “risk-off” asset in times of macro uncertainty, as people are stashing it in these uncertain times lately. Also, referring to the recent Iran–Israel war and U.S. intervention that shook traditional markets earlier this June. She continued that Bitcoin didn’t act like it would end deep down the well. She pointed out that the Bitcoin price showed mesmerizing strength by holding key supports, even as equities plunged in June. CATHIE WOOD: “WE’RE STILL IN A BITCOIN BULL MARKET” ARK Invest CEO Cathie Wood reaffirmed her bullish stance, stating the current cycle remains a Bitcoin bull market. Her outlook reflects long-term confidence in Bitcoin despite recent volatility. pic.twitter.com/mgNusuYdGn — Crypto Town Hall (@Crypto_TownHall) July 4, 2025 For Cathie Wood’s perspective, the clip clearly points out that she finds this resilience of Bitcoin a clear signal that the Bitcoin bull market still holds value and the bull run is not over yet. [article_inside_subscriber_shortcode title=”Never Miss a Beat in the Crypto World!” description=”Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.” category_name=”News” category_id=”6″] FAQs How has BlackRock’s IBIT Bitcoin ETF demonstrated institutional strength? BlackRock’s IBIT Bitcoin ETF has rapidly become the 3rd highest revenue-generating ETF out of BlackRock’s 1,197 funds, despite being only 1.5 years old. This meteoric rise highlights accelerating institutional adoption and strong demand for regulated Bitcoin exposure. What is the current market narrative for Bitcoin based on these signals? The market narrative for Bitcoin is evolving and looks stronger than ever. The aggressive accumulation by new whales, the awakening of dormant legendary whales, the soaring success of institutional products like BlackRock’s IBIT ETF, and Bitcoin’s “risk-off” behavior, all indicate a magnificent bull run supported by both new and established players.
