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Approximately 1 billion dollars in funds are flowing into Bitcoin spot ETFs, signaling a bullish trend in the market. It appears that institutional investors' interest is definitely increasing.
However, at the same time, concerns are growing within the DeFi sector. The Kelp protocol was hacked, raising security concerns once again within the cryptocurrency community. If vulnerabilities in DeFi projects continue to be exposed like this, investors are likely to become more cautious.
Ultimately, while institutional funds are flowing into main assets like Bitcoin, the overall crypto ecosystem seems to be in a cautious state due to security risks. The market sentiment is currently divided.