Geoffrey Kendrick of Standard Chartered Bank admitted that his prediction of Bitcoin reaching $120,000 in the second quarter may be "too low," as BTC is approaching $100,000. He pointed out that the main driving force in the market right now is the influx of institutional funds. Over the past three weeks, Bitcoin spot ETFs have attracted $5.3 billion in funds. Large institutions like MicroStrategy, the Abu Dhabi sovereign wealth fund, and the Swiss National Bank are increasing their allocation to Bitcoin, showing a clear trend of strategic asset reallocation.