Last week, the crypto world staged a "real fragrance" drama! American retail institutions went on a buying spree for Bitcoin ETFs, pouring in 2.75 billion dollars in just one week (about 17.8 billion RMB), directly pushing Bitcoin's price through the historical ceiling of January, skyrocketing to 111,000 dollars! It is now firmly above 108,000 dollars, and this momentum feels like riding a rocket without a seatbelt—exciting!
Let's talk about BlackRock, this old investment bank, whose IBIT fund has been on a buying spree for 8 consecutive days, spending a whopping 430 million dollars just on Friday. In contrast, Grayscale's GBTC has become a "cash machine", with nearly 90 million flowing out in a single day, and ARKB following suit with over 70 million leaving. This market is like watching a palace intrigue drama—some are desperately vying for favor, while others are packing up and leaving overnight.
This market wave is so surreal! On May 21, the ETF just bought 600 million, and Bitcoin immediately broke its previous high, soaring to 111,000 dollars the next day as if it were "pulling up bamboo from dry ground". Although it has now pulled back to around 108,000, looking at the rosy gains in my wallet, I'm smiling harder than AK! Even the market sentiment index has cooled down from "extreme greed"; I’d say this is the main force taking a sauna—warming up to make big moves!
On-chain data has given us confidence! CryptoQuant expert reveals: compared to previous bull market surges, the funding rate is steady as a rock now, and short-term retail investors are not in a hurry to cash out. Even more exciting is that the ETF is on track to break last year's record of 6.4 billion dollars for the month, having reached 5.39 billion with 5 trading days left; this isn’t just running into the market, it’s like driving a Lamborghini onto the racetrack!
Now focus closely on the 106,000 dollar defense line; if it holds, we can launch a surprise attack on the new high of 112,000 at any time! If you want to hop on, when else will you if not now? Remember, the biggest risk in a bull market is—you're not on the train!
Blindly acting alone will never bring opportunities; follow me, and I will guide you to explore tenfold potential coins! Top-tier primary resources!
