Institutional capital brings major positive catalysts (direct buy-side support)

1. U.S. spot BTC/ETH ETF continue to record large net inflows
Yesterday, total net inflows into crypto ETFs across the market amounted to $239 million. Bitcoin ETFs alone took $181 million, ending the prior streak of 8 straight weeks of fund outflows. BlackRock’s IBIT remains at the top of the net inflow ranking. Institutions are continuing to pick up in batches at current prices, providing bottom support for coin prices.
2. BlackRock CEO publicly bullish on Bitcoin
Today, BlackRock CEO Fink said in a CNBC interview that Bitcoin market leverage risk has cleared, the market structure is mature, and Bitcoin has become a target for global major-asset allocation. He is optimistic about the next 12 months’ outlook. The endorsement from the world’s largest asset manager significantly boosts Wall Street institutions’ confidence to enter the market, strengthening the BTC “digital gold” narrative.
3. Whales continue to accumulate coins
On-chain data shows that large-holding addresses are steadily increasing their spot BTC holdings. High-level coins are continuously rotating and moving upward, raising the central market holding cost and gradually digesting sell pressure $BTC ‌#PreIPOs第二期OpenAI认购