BlackRock has purchased $166.56 million worth of Bitcoin, signaling continued institutional interest in the cryptocurrency despite recent market volatility. This acquisition comes as Goldman Sachs disclosed its substantial crypto holdings, totaling $2.36 billion. Goldman Sachs' portfolio includes $1.1 billion in Bitcoin, $1 billion in Ethereum, $153 million in XRP, and $108 million in Solana. The crypto market has faced significant price declines, with Bitcoin dropping over 27% in the past month, trading between $60,000 and $70,000. Despite this downturn, large-scale investors like BlackRock and Goldman Sachs are capitalizing on the dip, reinforcing their long-term confidence in digital assets. These moves are seen as bullish indicators, supporting theories of a potential super cycle in the crypto market.