BlackRock CEO Says Sovereign Wealth Funds Bought Bitcoin at $80,000–$120,000

BlackRock CEO Larry Fink said multiple sovereign wealth funds have been acquiring Bitcoin at price levels including $120,000, $100,000, and the $80,000 range. The purchases represent long-term strategic positions rather than short-term trades, according to Fink. Technical analysis shows Bitcoin remains within an ascending channel with potential upside toward $100,000 if key support levels hold.