TechFlow reports on February 26 that Matrixport released a chart today showing Wall Street has become a significant player in Bitcoin, and Bitcoin's 60% market dominance remains a key benchmark for the crypto market, with institutional trading behavior increasingly influencing its price movements. Concerns over potential delays of up to six months regarding Trump’s proposed tariffs and Bitcoin strategic reserve plan may be one reason behind the technical topping pattern currently visible on the chart.
BlackRock's IBIT ETF recently experienced a major trading day, reaching $5.1 billion in single-day trading volume—though not a record high, still a substantial figure. From a technical perspective, Bitcoin could retrace to its recent support level of $73,000, corresponding to approximately $40 for the IBIT ETF.
