BTC price is trading around $66,000, down around 3% in the last 24 hours. It briefly approached $70,000 earlier this week but failed to hold, sliding towards $66,000 amid renewed selling pressure.
U.S. spot Bitcoin ETFs saw net inflows of $507 million the day before, with BlackRock’s IBIT alone bringing in nearly $300 million, and more than $200 million today, but the price failed to follow suit. Despite strong institutional buying, this disconnect shows institutions steadily accumulating while retail traders and leveraged players take profits at key resistance levels such as $67,000 to $70,000.
Although Bitcoin price declines are often correlated with release cycles, the current scenario suggests that aggressive buying by issuers like BlackRock is currently absorbing liquidity on the sell side rather than causing an immediate breakout.
On February 26 (ET), spot Bitcoin ETFs saw a total net inflow of $254 million, marking three consecutive days of net inflows. Spot Ethereum ETFs saw a total net inflow of $6.5742 million, also extending their streak to three consecutive days of net inflows.… pic.twitter.com/VMvq5Wv3Ui
-Wu Blockchain (@WuBlockchain) February 27, 2026
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Accumulation of BlackRock: the distribution of data
Data from tracking companies confirm that February 26 marked a significant resurgence in institutional demand. Spot Bitcoin ETFs in the United States saw a collective net inflow of approximately $507 million, ending a brief period of stagnation. BlackRock’s IBIT was the dominant mover, seeing inflows of $297.37 million. This activity coincided with significant on-chain movements detected by blockchain analytics platforms.
Lookonchain identified that BlackRock transferred 4,309 BTC, worth approximately $289 million, from Coinbase Prime hot wallets to its custodial addresses in a single hour.
Bitcoin ETF feed Source: Sosovalue
The volume represents one of the largest single-day accumulation efforts by the asset manager in weeks. The mechanics of the transfer involved multiple batches of around 300 BTC each, executed with algorithmic precision to minimize slippage.
Despite the scale of this capital deployment, which effectively removed thousands of coins from circulation, the price of BTC responded with a slight decline, suggesting that this demand was met by an equal or greater supply wall.
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BTC Price Analysis: Key Levels to Watch
Bitcoin is currently consolidating within a tightening range, with an immediate focus on the $66,000 support level. Technical indicators suggest momentum is resetting after the recent rejection near $69,000. The 4-hour chart shows price oscillating near the 50-period moving average, an area that has historically acted as a dynamic pivot for short-term trends.
Bitcoin Price Analysis Source: TradingView
Immediate resistance lies between $68,800 and $69,000. A clear breakout and daily close above this zone would invalidate the short-term bearish divergence currently visible on the RSI (Relative Strength Index). Conversely, if the bears manage to push the price below $66,500, the next major area of interest lies at $64,000, where significant demand liquidity historically resides.
If the bulls are able to reclaim the $68,000 midpoint, it would indicate that the market has completely digested the recent selling pressure.
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As BlackRock Accumulates, Bitcoin Hyper Expands the Ecosystem
As BlackRock consolidates the Bitcoin spot market, new projects are emerging to leverage the asset’s liquidity and brand in innovative ways. Bitcoin Hyper positions itself as a very useful bridge between the security of Bitcoin and the flexibility of Ethereum’s DeFi ecosystem.
Bitcoin Hyper serves as a layer that allows Bitcoin holders to engage in decentralized finance without sacrificing the security of their core holdings. Using an ERC-20 token structure, the project offers faster transaction speeds and lower costs compared to the native Bitcoin network, while tying its narrative value to the BTC ecosystem.
The HYPER project has managed to raise over $31 million, with the tokens currently trading at $0.0136762. Further increases are planned and stock market listings are expected in 2026.
The roadmap also includes the launch of a dedicated staking platform and integration with major DeFi protocols.
Visit Bitcoin Hyper here
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article is intended to provide accurate and current information, but should not be considered financial or investment advice. Because market conditions can change quickly, we encourage you to verify the information for yourself and consult a professional before making any decisions based on this content.
Daniel Frances is a technical writer and Web3 educator specializing in macroeconomics and DeFi mechanics. Hailing from crypto since 2017, Daniel leverages his experience in on-chain analytics to write evidence-based reports and in-depth guides. He holds certifications from the Blockchain Council and is dedicated to providing “insight gain” that overcomes market hype to find real utility for blockchain.
