Good afternoon, brothers 🚀🚀
1. Two pieces of news about the central bank were released today.
The Saudi central bank has indirectly invested in Bitcoin through equity holdings, and the Russian central bank has publicly recognized BTC as the best asset in April.
Sovereign institutions are gradually incorporating Bitcoin into their reserve diversification strategies, similar to the historical process of gold reserves.
Corporate demand is surging.
Companies like Brazil's Méliuz ($28.4 million), DDC Enterprise (target of 5,000 BTC), and Coinbase ($153 million) continue to increase their holdings.
Publicly traded companies view BTC as a core asset against inflation, and even exchanges themselves are 'hoarding coins', reflecting a long-term bullish outlook.
2. Spot ETF fund flows.
On May 15, there was a net inflow of $115 million, with IBIT accumulating $410 million in a single day, offsetting significant outflows from GBTC and FBTC.
On May 5 and May 2, net inflows of $425 million and $675 million were recorded, respectively, indicating a strong willingness among institutions to accumulate on dips.
Although some funds experienced short-term redemptions, overall funds are still flowing in, indicating that the market's long-term confidence in Bitcoin has not been suppressed by the high-interest rate environment.
The recent market trend remains bullish, but the consolidation has been quite severe, so it is essential to control the entry points and timing. Those who don't understand can call Brother Bao to learn!!
