BlackRock’s Mitchnick says bitcoin’s risk-off narrative is ‘the one to bet on’ long term as rally consolidates near $80,000

Crypto Insight Summary: Renewed spot ETF inflows and bitcoin's declining correlation with equities are also constructive signs, according to analysts. Crypto Insight Analysis: Direction: Bullish BTC Impact: Major Impact Horizon: Long-term (1 quarter-1 year) Reasoning: BlackRock's endorsement strengthens BTC's risk-off narrative and ETF inflows signal institutional adoption.