In BlackRock Bitcoin news, Wells Fargo just reshuffled its crypto book, and the moves are more surgical than they first appear. Bitcoin is trading near $64,150 at the time of writing, up roughly +2.2% in the past 24 hours, but institutional positioning beneath that surface tells a more layered story. The bank didn’t retreat from crypto. It rotated.
According to Wells Fargo’s latest filing with the US Securities and Exchange Commission, the $2.5 trillion asset manager increased its holding in Michael Saylor’s Strategy (MSTR) by 125%, bringing its position to nearly 726,000 shares and adding roughly $41.5M in exposure.
🚨 BREAKING: $2.5 trillion banking giant Wells Fargo has disclosed holdings in Bitcoin, Ethereum, and Solana ETFs in its latest SEC filing.
It also reported positions in Strategy ($MSTR), Bitmine ($BMNR), and other crypto related stocks. pic.twitter.com/xYRM5qfzdh
— Crypto Coin Show (@CryptoCoinShow) July 10, 2026
Simultaneously, the bank trimmed 75,102 shares of BlackRock’s iShares Bitcoin Trust (IBIT), the largest spot Bitcoin ETF by assets, while opening a new IBIT call position and boosting put exposure, moves consistent with hedging amid heightened uncertainty tied to the US-Iran conflict.
The filing lands as Bitcoin ETF flows remain a primary driver of short-term price action, with on-chain watchers flagging a BlackRock transfer of roughly 2,700 BTC, approximately $168.6M, to Coinbase in a single transaction, a move often read as institutional rebalancing ahead of ETF activity.
BlackRock Bitcoin News: Can BTC Break Above $65,000 This Week?
$BTC is back into the $64,000-$65,000 resistance zone.
A reclaim of the $65,000 level could push Bitcoin to $68,000.
A rejection from the current resistance level means BTC will likely revisit $62,000 again. pic.twitter.com/ZunXx7V7MJ
— Ted (@TedPillows) July 10, 2026
Bitcoin is consolidating in a tight band. CoinGecko quotes BTC at $64,150, up +4.4% over seven days, with a market cap near $1.27 trillion. The day range of $61,896–$64,300 underscores just how compressed price action has become, roughly $2,000 of breathing room over a 24-hour window.
The $60,000 level is the line in the sand. BTC briefly dipped below it before rebounding, triggering approximately $1 billion in liquidations, around $780M from long positions alone, a sharp reminder that the derivatives market is still carrying excess leverage.
That flush may have cleared the weakest hands, but it also reinforced $60,000 as a critical psychological and technical floor. Mining dynamics add a slow drip of sell pressure.
Bitcoin’s mining difficulty fell around 10% in early June, and public miners sold over 32,000 BTC in Q1 to cover operating costs. Neither figure is catastrophic, but both keep supply-side headwinds in the conversation.
Three scenarios are in play.
Bull case: ETF inflows accelerate, macro volatility cools, and BTC clears the $63,200 resistance to probe $65,000–$67,000.
Base case: Price grinds sideways in the $61,700–$63,200 band as institutional rotation (such as Wells Fargo’s) continues, without a decisive directional catalyst.
Bear case: A macro shock or fresh liquidation cascade pushes BTC back toward $60,000; a clean close below that level invalidates the recovery thesis entirely.
LiquidChain Targets Early-Mover Upside as Bitcoin Tests Key Levels
Wells Fargo’s rotation, adding MSTR, boosting ETH and SOL exposure, hedging spot BTC, reflects something the market has been slow to price in: the most durable value in this cycle may not come from holding any single chain, but from the infrastructure that connects them.
As institutional ETF positioning grows increasingly multi-asset, the cross-chain layer becomes structurally important. Bitcoin at $63,000 offers real upside potential, but at a $1.27 trillion market cap, the asymmetry is measurably smaller than it was two years ago.
LiquidChain ($LIQUID) is a Layer 3 (L3) infrastructure project, a protocol built on top of existing Layer 1 and Layer 2 networks to provide application-specific capabilities, designed to fuse Bitcoin, Ethereum, and Solana liquidity into a single execution environment.
The pitch is architectural: developers deploy once and access all three ecosystems simultaneously, rather than building separate integrations for each chain. Key features include a Unified Liquidity Layer, Single-Step Execution, Verifiable Settlement, and a Deploy-Once Architecture.
The presale is currently priced at $0.01478, with $895,480.12 raised to date. Background on LiquidChain’s cross-chain approach is available here.
EXPLORE: Best Crypto Presales With Asymmetric Upside in the Current Market
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