On February 3rd, as Bitcoin briefly fell below the $100,000 mark, ARK Invest, led by Cathie Wood, purchased approximately $65 million worth of Bitcoin through the ARKB ETF. This transaction occurred on February 3, 2026, and is seen by the market as a typical example of institutional “buying the dip,” injecting new confidence into the already volatile cryptocurrency market.
Recently, Bitcoin’s price has experienced increased volatility, and many investors remain uncertain whether the pullback signals a new downward trend. However, based on ARK’s actions, they are more inclined to view this adjustment as a long-term strategic opportunity. In the “Big Ideas” report, ARK maintains a high target price expectation for Bitcoin, believing that by 2030, Bitcoin could reach $1.5 million. The core logic includes: increasing global user penetration to 5%, and the scarcity effect brought about by the next halving cycle.
In ARK’s view, Bitcoin is not merely a speculative tool but a digital asset with long-term store-of-value properties. For this reason, short-term retracements provide a better entry point for accumulation. Meanwhile, continuous institutional demand during price declines is also seen as recognition of the network’s fundamentals and long-term narrative.
Of course, market opinions are not entirely uniform. Some analysts point out that Cathie Wood has made aggressive predictions in the past, cautioning investors to remain aware of risks. Nonetheless, it is undeniable that more and more institutions are participating in this asset class through Bitcoin allocations, strengthening its presence in the global financial system.
From a supply and demand perspective, Bitcoin’s total supply is fixed, with a clear long-term deflationary attribute. When institutional demand and retail interest rise simultaneously, its price elasticity also expands. ARK’s large purchase further consolidates the market expectation of “institutions bullish on Bitcoin,” making its future trend a focal point once again.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
'Bitcoin ETF Performance Pales Next to Gold': Mike McGlone - U.Today
Mike McGlone, a Bloomberg strategist, argues that Bitcoin ETFs may not drive long-term growth for Bitcoin, which has underperformed compared to gold. Despite recent gains, Bitcoin's performance seems capped, suggesting a potential peak in crypto enthusiasm.
UToday43m ago
Nunchuk Launches Open-Source Bitcoin Tools for AI Agents With 'Bounded Authority'
In brief
Nunchuk released two open-source tools designed to let AI agents interact with Bitcoin wallets under strict limits.
The system uses shared wallets and approval policies so agents cannot spend funds beyond defined rules.
The tools aim to support automated financial tasks while
Decrypt51m ago
The U.S. government transferred 2.44 BTC to a certain CEX, worth about $177k
Gate News message. On April 10, according to Lookonchain monitoring, the U.S. government (funds seized involving Glenn Olivio) today deposited 2.44 BTC to a CEX, worth approximately $177k.
GateNews1h ago
BlackRock withdrew 2,700 BTC and 30,000 ETH from a certain CEX.
Gate News, April 10, according to Onchain Lens monitoring, BlackRock withdrew 2,700 BTC (worth $196.87 million) and 30,000 ETH (worth $67.42 million) from a certain CEX.
GateNews1h ago
Bhutan’s Bitcoin reserves are down by more than 70%, with the sovereign wealth fund DHI frequently transferring assets, drawing attention
The Royal Government of Bhutan recently transferred approximately $18 million worth of Bitcoin. Its holdings have decreased from about 13,000 BTC in 2024 to 3,774 BTC, a reduction of more than 70%. The assets are managed by Druk Holding, and the country uses hydropower to mine Bitcoin. The recent transfers may be related to infrastructure financing needs. Bhutan still remains one of the world’s major Bitcoin-holding countries.
ChainNewsAbmedia2h ago
Tom Lee: The market is showing signs of forming a bottom; Ethereum, BMNR, and Bitcoin are recommended.
Gate News message, April 10, renowned market analyst Tom Lee posted that there are increasing signs the market bottom has already formed, even though the overall market still generally remains skeptical. Tom Lee suggested that for investors who are still skeptical, they could consider buying assets that performed ahead during the U.S.-Iran war. He pointed out that Ethereum and BMNR are among his top picks, and Bitcoin is also included among the recommendations. Tom Lee believes that crypto assets have already proven themselves to be a store of value during wartime.
GateNews2h ago
