As Asia’s largest ETF investor increases BlackRock holdings, the Bitcoin price breaks $104,000; positive momentum suggests a $120,000 breakout possibility.
As Asia’s largest ETF investor invested $691 million in BlackRock’s Bitcoin fund on Friday, the price of bitcoin surged past $104,000, bolstering institutional confidence worldwide. Could Bitcoin surpass $120,000 in the coming weeks due to the increasing wave of institutional inflows?
Bitcoin (BTC) price eyes $120K after Asia’s largest ETF investor boosts BlackRock exposure
Despite increased volatility in the altcoin market this week, Bitcoin (BTC) was trading at $104,007 at the time of writing, maintaining its position above the psychologically crucial $104,000 threshold.
The largest ETF investor in Asia, which has increased its position in BlackRock’s Bitcoin ETF to $691 million, is one of the institutions driving this resilience.
According to a recent SEC filing, Avenir Group, the biggest institutional investor in Bitcoin ETFs in Asia, boosted its holdings in BlackRock’s iShares Bitcoin Trust (IBIT) by a substantial amount on Thursday.
Around 14.7 million IBIT shares, worth $691 million, were held by the Hong Kong-based company as of March 31, 2025, up from 11.3 million shares at the end of 2024. The action highlights IBIT’s position as a premier platform for cryptocurrency exposure and the rising institutional trust in Bitcoin’s long-term prospects.
Avenir Group was established in 2023 and is active in several important international markets, such as Singapore, Japan, the United States, and Hong Kong.
Avenir said that it had more than 58,000 shares in the Fidelity Wise Origin Bitcoin Fund (FBTC), valued at around $4 million, in addition to its $691 million investment in Blackrock’s IBIT.
With 30.8 million shares, up 28% from the previous quarter’s 24 million, Goldman Sachs continues to own the biggest number of IBIT shares.
Why is Bitcoin price going up today?
As major altcoins Solana and Ripple (XRP) struggle under different internal negative causes, Bitcoin’s most recent 1% rise to recapture $104,000 coincides with an active investor rotation into BTC, according to Coingecko statistics.
Due to the fact that the majority of the monies held by the first are hosted on the Solana and Ethereum blockchains, investors un-staked about 1.4 million SOL ahead of the $5 billion FTX distributions.
A US District Judge named Analisa Torres overturned Ripple’s recent $50 million settlement in its long-running lawsuit against the US SEC, which contributed to XRP’s mixed momentum.
The market seems to be leading a bigger move toward $120,000 in the near future, as whale demand is increasing and Bitcoin dominance is increasing.
Why is Bitcoin whale demand rising in May 2025?
Santiment’s on-chain data presents a convincing picture: despite market stabilization, confidence is being bolstered by the sharp increase in Bitcoin whale activity in May.
Just hours before the price of bitcoin reached an all-time high above $106,000 during Trump’s second term inauguration, on May 9, it logged 4,181 whale transactions above $1 million, the biggest since the top of 4,374 on January 20.
Despite this week’s sideways price trend, the return in whale activity is indicative of a sustained wave of institutional and high-net-worth accumulation that began in early May.
World Liberty Financial partners Chainlink to enable USD1 stablecoin cross-chain transfers
The Chainlink CCIP solution has been used by World Liberty Financial to secure USD1 stablecoin transfers across several networks.
With its most recent integration with Chainlink, the USD1 stablecoin—an asset linked to World Liberty Financial (WFLI)—is poised to become multi-chain. The new connection will help the stablecoin reach more consumers and institutions in the industry, further solidifying its reputation as the quickest stablecoin to go from a $0 valuation to $2 billion. Recently, USD1 has been in the news due to a growing trend in the US about stablecoin development.
World Liberty Financial and the Chainlink deal
The release states that USD1 will use the Chainlink Cross-Chain Interoperability Protocol (CCIP) as a result of the partnership between the two organizations. In particular, it will be utilized for bridging between blockchains and for safe data flows.
Within months of its introduction, USD1 was able to rank among the top 5 stablecoins in the world earlier this month. The coin has launched on leading networks including Ethereum and BNB Chain as a result of its acceptance by both individual and institutional investors.
A significant security issue will be resolved by integrating World Liberty Financial with Chainlink. Protocol transfers are frequently beset by security issues that result in onchain asset loss. However, USD1 stablecoin transactions will now have a high level of security thanks to the CCIP solution.
This collaboration will assist protect billions of dollars in transferred value, since the token is anticipated to be used for corporate Decentralized Finance (DeFi) solutions.
USD1 stablecoin and the airdrop push
With many onchain integrations, the stablecoin, which is sponsored by the Trump family, is frequently in the headlines. A plan to airdrop a certain quantity of the USD1 stablecoin to holders of WFLI tokens was just approved by World Liberty Financial. There was a 99.96% vote in support of the proposition.
Numerous ecological services will be served by this airdrop, however the qualifying requirements are still being finalized. It will assist in “test the airdrop system in production to ensure our infrastructure is functioning as intended,” as stated in the proposal pitch.
It will also aid in “generating initial visibility and awareness of USD1 before expanding market access.” Additionally, it will aid in recognizing past backers of the WLFI initiative, which has the support of institutions and retail.
DWF Labs supports WLFI with a $25 million token buy, as previously announced.
Stablecoin bill to complement it all
Regulations are necessary even when collaborations with Chainlink and other initiatives might confirm confidence in Web3. Stablecoins will benefit from these regulations, which will strengthen confidence in assets like the US dollar.
Members of Congress will vote cloture on the GENIUS Act, one of the most significant legislative measures, next week. It is expected that this law would shortly cross all required hurdles, despite bipartisan differences over some of its components.
The WLFI-linked token will gain from this stablecoin bill, which will also make the ecosystem more understandable for both new and existing participants.
Shiba Inu coin price dips 6% but whale moves & bullish pattern hint at $0.000045 breakout
Despite a meme coin drop, the price of Shiba Inu is down 6%, but a double bottom and increasing whale activity suggest a recovery to $0.000045.
Shiba Inu (SHIB) is expected to have a tumultuous weekend; at the time of writing, its price had dropped 6% intraday on Saturday, trading at $0.0000143. The Shiba Inu currency is expected to form an upward breakout to $0.000045 despite the decrease, according to on-chain measurements and a strong technical signal.
Shiba Inu price drops 6% today amid meme coin pullback
The price of Shiba Inu Coin is at its lowest point in a week after falling 6% in a single day. With Coinglass revealing almost $2 million in long SHIB liquidations in a single day, the decline comes after a huge surge in long liquidations. Shiba Inu is not alone in the downturn, though, as the meme coin market as a whole has retraced. According to CoinGecko data, all of the leading meme currencies experienced a sharp selloff, with the market value of meme coins dropping by almost 2% in only one day.
A breakthrough rally is anticipated, according to a number of criteria, including whale moves, technical outlook, and exchange data, despite the adverse headwinds affecting the price of SHIB.
Whale moves signal looming SHIB breakout
An increase in whale activity, which historical trends indicate has usually accompanied significant increases in the price of Shiba Inu coins, is revealed by the on-chain platform Santiment. Between May 8 and May 15, the number of transactions for whale addresses with more than $1 million in SHIB tokens almost quadrupled.
Historical data indicates that a greater whale transaction count has frequently been bullish for price, so if whale activity keeps increasing this week, this top meme currency should recover. For example, Shiba Inu hit an annual high of $0.000033 in November 2024, which led to a spike in whale activity.
Double-bottom pattern hints at rally to $0.000045
Additionally, according to the technical perspective, the price of Shiba Inu coins is about to surge to $0.000045. As the trend turns from a downward to an upward trajectory, a bullish Shiba Inu price forecast is further supported by a double bottom pattern on the weekly chart.
SHIB has held the support level at $0.0000107, and the uptrend will carry it to $0.000045 if it can bounce strongly from here to the first neckline resistance of $0.000033.
After the meter turned green, although negatively, to show that the bearish momentum is waning, the bars on the AO histogram hint at an impending SHIB breakthrough. The weekly RSI, meanwhile, is displaying poor buy-side activity as it struggles to break out above 50. The upward rise to $0.000045 will be confirmed with a breakthrough over 50, as well as by the AO bars crossing above the zero line.
As traders increase their long positions towards Shiba Inus, the technical forecast above is supported by derivatives market data from the Binance platform. 73% of futures traders on this exchange have opened long positions, based on the long/short ratio.
Despite the recent decline, the price of Shiba Inu coins has the ability to reach $0.000045, as seen by this long bias, the increase in whale transaction counts, and the development of a double-bottom pattern. The 6% retracement might therefore be a brief hiccup before buyer accumulation backs the subsequent bullish move.
