BlackRock Acquires $1.03 Billion in Bitcoin and Ether Over 3 Days

BlackRock has significantly increased its holdings by purchasing 9,619 Bitcoin worth $878 million and 46,851 Ether worth $149 million over three consecutive days. This totals approximately $1.03 billion, according to LookOnChain's on-chain tracking data.

On January 6, BlackRock acquired 3,948 Bitcoin valued at $371.9 million and 31,737 Ether valued at $100.2 million.
These purchases occurred during a period of market weakness, not during a breakout.
This activity was the largest single-day intake for early-2026 ETF activity.

Currently, Bitcoin is trading around $90,212 and Ether around $3,118, both experiencing a decrease in trading volume—Bitcoin by 24% and Ether by 19%.

During the holiday season, BlackRock moved 1,134 Bitcoin and 7,255 Ether to Coinbase Prime, raising concerns about potential sell-offs, but prices remained stable.

ETF Flows and Market Conditions

Bitcoin started 2026 with a decline from the $110,000-$120,000 range to the low $90,000s.
CryptoQuant's SOPR ratio data indicates potential accumulation phase as short-term holders incur losses while long-term holders maintain profits.
A support level above $90,000 could keep prices between $100,000-$110,000, while a drop below $88,000 risks a fall to $80,000.

Glassnode analysis shows a clearer market structure post-year-end adjustments with over 45% of options open interest clearing out. Futures interest is rising again, and ETF flows have resumed.

The current support for Bitcoin is near $90,000, with resistance between $95,000 and $104,000. Options flow now leans towards calls, and reduced volatility suggests a positive outlook for the near future.