🚨I've noticed a trend: Bitcoin is struggling to rise, but the institutional narrative is becoming increasingly solid.

Today, BTC fell by 0.2%, failing to continue its rally with the traditional stock market, currently hovering below historical highs.

I summarize the reasons as three:

Retail enthusiasm waning: Retail investor interest is fading, and now most actions are taken by large players and institutions.

Changes in funding structure: Institutional assets like ETFs and MicroStrategy are dominating, and currently, there is no strong push in the market.

S&P and Nasdaq outperforming BTC: The stock market has become the first choice for short-term funds.

My viewpoint:

The current stagnation of BTC is a structural adjustment, not a bear market reversal.

The upcoming direction relies on two points of support: further inflow from institutions + retail investors rejoining.

If the stock market continues to be strong, BTC may continue to consolidate; conversely, if institutions maintain stability, the market may heat up again.

Recommended to monitor: ETF net inflow dynamics, MicroStrategy's positioning, retail trading activity.

#Bitcoin #BTC #CryptoMarket #InstitutionalFlow #MarketSentiment