Institutional capital sees major bullish momentum (direct buy orders providing support)

1. US stock spot BTC/ETH ETF continues to see large net inflows
Yesterday, total net inflows into crypto ETFs across the whole market were $239 million; Bitcoin ETFs alone took in $181 million. It ended the prior streak of 8 consecutive weeks of capital outflows. BlackRock’s IBIT remains at the top of the net inflow rankings, and institutions are continuing to buy in batches at current prices, providing bottom support for the coin price.
2. BlackRock CEO publicly bullish on Bitcoin
Today, BlackRock CEO Fink, during an interview with CNBC, clearly stated that leverage risk in the Bitcoin market has been cleared and that the market structure has matured. He said it has become a target for global large-class asset allocation, and he is optimistic about market conditions over the next 12 months. The endorsement from the head of the world’s largest asset manager greatly boosts Wall Street institutions’ confidence to enter the market, reinforcing the BTC “digital gold” narrative.
3. Whales keep accumulating coins
On-chain data shows that large-holding addresses have continued to increase their accumulation of spot BTC. High-priced coins are continually rotating and moving upward, lifting the market’s cost-basis center of gravity, while sell pressure is gradually absorbed $BTC ‌#PreIPOs第二期OpenAI认购