Institutional capital is a major positive catalyst (direct buy-side support)

1. US spot BTC/ETH ETF continues to see large net inflows
Yesterday, total net inflows across all crypto ETFs in the US market amounted to $239 million, with Bitcoin ETFs taking in $181 million alone. This ended the previous streak of 8 straight weeks of outflows. BlackRock’s IBIT remains at the top of the inflow rankings. Institutions are continuing to buy in batches at current prices, providing bottom support for coin prices.
2. BlackRock CEO publicly bullish on Bitcoin
Today, BlackRock CEO Fink, speaking in an interview with CNBC, clearly stated that leverage risks in the Bitcoin market have been cleared, and the market structure has matured. Bitcoin has already become a target for global large-class asset allocation, and he is optimistic about the outlook over the next 12 months. The industry’s largest asset manager publicly endorses it, greatly boosting Wall Street institutional 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 adding to spot BTC. High-level lots keep rotating and moving upward, lifting the market’s cost basis center of gravity. Selling pressure is gradually being absorbed $BTC ‌#PreIPOs第二期OpenAI认购