#加密市场反弹 1. ETF Capital Inflows and Whale Accumulation

◦ Bitcoin spot ETFs have seen a net inflow of over $4 billion for three consecutive weeks, with total holdings approaching a historical high of $40.78 billion, led by top products like BlackRock (IBIT).

◦ During the selling period of long-term holders (LTH), whale addresses accumulated 81,300 BTC, increasing their holding ratio by 0.61%, indicating institutional recognition of long-term value.

2. Enterprise Strategic Allocation

◦ MicroStrategy has launched the '42/42 Plan,' aiming to raise $84 billion to increase BTC holdings within two years; companies like Japan's Metaplanet and India's Jetking are accelerating their layouts, creating supply-demand imbalances that support prices.

◦ Traditional financial institutions are entering the market (e.g., Morgan Stanley and Charles Schwab plan to offer crypto trading services), accelerating the mainstreaming process of the market.