BlackRock, the world's largest asset manager, has reportedly purchased $1 billion worth of Bitcoin over the past three days. This comes as other firms across industries are also making significant Bitcoin purchases, suggesting a sign of accumulation. In addition, there has been a significant outflow of $963.35 million from exchanges in the past four days, potentially indicating a buying opportunity and reducing selling pressure. Technical analysis suggests that Bitcoin has broken out of a symmetrical triangle pattern and is heading towards the $100,000 mark. Currently, Bitcoin is trading near $97,900 and has experienced a 2.10% price surge in the past 24 hours.



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