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BlackRock Bitcoin ETF Scoops 5250 BTC, Major BTC Price Rally Coming?

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Summary
Nutrition label

62% Informative

BlackRock Bitcoin ETF ( IBIT ) registered $528 million in inflows scooping a total of 5250 Bitcoins from the open market on Thursday .

BlackRock ’s IBIT scooped a massive 5,250 Bitcoins yesterday , which is nearly 12 times the daily production value of 450 BTC.

On-chain indicators are also showing strength with the Bitcoin exchange balance hitting a 7-year low.

The price of Bitcoin today is trading 2% up at $ 101,334 with its market cap crossing $2 trillion .

VR Score

38

Informative language

24

Neutral language

31

Article tone

formal

Language

English

Language complexity

40

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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