BlackRock's iShares Bitcoin Trust (IBIT) now holds over 700k BTC, solidifying its position in the US spot ETF market.
Analysts predict a potential end to the current bull market, with Bitcoin price needing to stay above $86k to avoid a bearish phase.
BlackRock's ETF has reached 700,307 BTC ($75.5 billion) with consistent inflows, outperforming other funds like S&P 500.
Bitcoin is currently trading above $108k, with experts forecasting prices reaching as high as $190k while warning of a potential market peak in the coming months.