Recent reports confirm that Harvard buys Bitcoin valued at approximately $350 million, increasing its exposure by a remarkable 257% through the IBIT ETF during the third quarter. Meanwhile, the market attempts to stabilize with Bitcoin recovering the $95,400 level and Zcash staging a surprise rally driven by comments on its fundamentals issued by the influential industry figure, Cobie.
Weekend data shows mixed activity across major altcoins, with Ethereum gaining 1% to trade near $3,180 and Solana rising to $142. Notable is the performance of ZEC, which briefly surpassed $700 on Sunday, and the 4% advance in tokens such as UNI, IMX, and ENA. Concurrently, BlackRock continues its strategic expansion bringing its tokenized BUIDL fund to the Binance network and BNB, significantly broadening liquidity options and access for large institutional investors.
Is extreme fear a generational buying opportunity for major institutions?
This flow of smart capital paradoxically occurs while the Fear & Greed Index stalls at 14 points, indicating “Extreme Fear” among retail participants after touching lows of 10. On the other hand, analysts at JPMorgan have identified the $94,000 level as crucial support based on mining production costs, suggesting that the asset might currently be undervalued. The banking firm projects a bullish scenario where the price could climb to $170,000 if favorable macroeconomic conditions persist.
The decision by an entity as conservative as Harvard University to drastically increase its position validates the narrative of Bitcoin as a long-term store of value. Thus, while the average investor sells out of panic, large endowments are taking advantage of discount prices to accumulate, which could reduce the available floating supply and catalyze a much more robust and sustained bull cycle in the medium term for the sector.
The crypto market appears to be at an inflection point where institutional adoption clashes with existing short-term macroeconomic pessimism. As key technical supports consolidate, attention will focus on whether other large funds follow in Harvard’s footsteps, which could trigger an aggressive recovery toward the six-figure price targets forecast by banking experts for the coming year.
