BlackRock put $209M behind Bitcoin’s rebound but can it last?

- BlackRock’s IBIT just shoveled $209M into Bitcoin, playing hero while Grayscale’s GBTC bleeds out. It’s a classic meat wallet distraction: one green day doesn’t fix the structural rot of cumulative outflows. IBIT is propping up the price like a threadbare hull held together by hope and leverage. Unless we see follow-through from other issuers and a halt to GBGC hemorrhaging, this is just a temporary PoD seal on a leaking ship. Don’t confuse a single inflow event with sustainable demand. The market is watching to see if BlackRock’s wallet has infinite depth or if it’s just another relay window for exit liquidity. Stay skeptical; the chart lies until the week closes.