BlackRock IBIT ETF Snaps Up $78.5M in Bitcoin Amid Dip Reversal
BlackRock's flagship Bitcoin ETF, IBIT, recorded a massive $78.5 million net inflow on February 24, 2026, acquiring 1,225 BTC after days of outflows. This sharp pivot has crypto traders buzzing, with influencer Ash Crypto's post garnering over 500 likes and sparking discussions on institutional return. As Bitcoin hovers around key support levels, this move signals big money stepping back in to buy the dip.
Influencer Ash Crypto broke the news on X, declaring BlackRock flipped from selling to buying $78.52 million worth of Bitcoin, complete with charts showing the inflow. The post quickly racked up 516 likes, 73 reposts, and 126 replies, where users like Jeongmin noted it ends a five-week outflow streak draining over $2.1 billion from IBIT alone. Institutions appear to view the recent price dip as a buying opportunity, shaking out retail panic before accumulating. Phemex News confirmed the details: 1,225 BTC added on February 24 amid $1.7 billion trading volume, coinciding with a 2.9% BTC price rise. This reverses recent trends where ETFs saw net selling, highlighting renewed appetite despite Bitcoin's 47% drop from its $126,000 peak. The Block's ETF flow data underscores IBIT's dominance, though specific charts show volatility in daily nets. Replies to Ash Crypto's thread reveal market sentiment: users hailed it as 'smart money' treating $67,000 as a 2026 floor, with others joking institutions trade emotions. This inflow arrives as Bitcoin recovers from sub-$64,000 lows, potentially stabilizing the market. Broader context points to ETF maturation, with BlackRock leading institutional adoption post-ETF approvals.
This institutional buying boosts trader confidence, likely anchoring Bitcoin above $64,000 and curbing further downside. Retail investors, spotting big players accumulate, may pile in on dips, amplifying rebounds. For crypto traders, it underscores buy-the-dip strategies amid volatility, potentially sparking a short-term rally as fear eases.
BlackRock's bold inflow marks a pivotal shift, reigniting optimism in Bitcoin's resilience. As institutions lead the charge, expect more accumulation to fuel the next leg up. Traders should watch ETF flows closely for the next big move.