Recently, there has been a continuous attraction of institutional funds, achieving net inflows for the eighth consecutive day, totaling $390 million, indicating strong confidence. BlackRock's BTC performance is the most impressive, occupying the top two positions in daily fund inflows. Large asset management institutions remain optimistic about $BTC in the long term. Despite a brief pullback, the price remains stable around $104,000, showing strong support.

Spot demand is also strong, with trading platforms continuously facing significant net buying pressure, indicating a strong willingness to buy on dips. It is worth noting that the continuous inflow of $ETF funds does not necessarily indicate a price peak, but may instead suggest that we are in a healthy growth phase. Institutional participation further enhances liquidity and reduces the risk of sharp short-term fluctuations. Future trends should pay attention to the macroeconomic environment and regulatory dynamics, with the current structure still leaning towards optimism.