According to reports from Wu, QCP analysis indicates that the BTC spot ETF recorded a net inflow of $2.2 billion this week, with strong institutional buying. As the perpetual contract funding rate turned positive, leveraged long positions quickly rose. Ethereum and Solana rose in tandem due to the SEC's positive feedback on the staking ETF proposed by REX. Despite the strong spot performance, sentiment in the options market remains cautious, with volatility near historical lows.