According to Arkham data, the world’s largest asset manager, BlackRock, bought $250 million worth of Bitcoin (BTC) in two days. The massive purchase comes after the asset manager went on a near two-week selling spree. Let’s discuss if BlackRock analysts anticipate BTC to rebound soon.

Why Is BlackRock Buying Bitcoin Bitcoin Again?

BlackRock’s recent purchase aligns with Bitcoin (BTC) making a slight recovery in the last few days. The purchases could be a signal that the asset has reached its bottom and may make an upward push from here. BTC’s price climbed to $64,000 earlier this week, but has since dipped to the $64,000 level.

Even if Bitcoin (BTC) is rising, there is still a lot of volatility. There may be new difficulties as the US-Iran dispute escalates. Oil prices could spike and the economy may take additional pressure. Inflation in the US rose to 4.2% in May 2026. The Federal Reserve has decided to keep interest rates unchanged to combat rising prices. Many traders also expect the central bank to raise interest rates later this year. Higher rates could lead to Bitcoin (BTC) facing another correction.

Are We At The Bottom?

In the past, July has seen increases in Bitcoin (BTC). This pattern is also supported by CryptoQuant data. As of July 2026, Bitcoin appears to be continuing on its historical course. Before settling at current prices, Bitcoin began July at $58,000 and quickly rose to $64,000.

Prominent figure in the finance world Anthony Scaramucci thinks Bitcoin (BTC) is at its bottom. Scaramucci predicts that BTC will reach $77,000 by July 2026.

Also Read: Crypto Market In Doubt Amid Iran War And Potential India Ban

Bitcoin’s (BTC) current prices could attract other corporates and asset managers. Institutions could follow BlackRock’s path and stock up on Bitcoin (BTC). BTC is currently down by nearly 50% from its 2025 all-time high of $126,080. Holders could make big returns if BTC returns to its peak price levels.