Summary of key information during the Spring Festival
Market trends and capital flows
Bitcoin ETFs see strong inflows**:
BlackRock's Bitcoin Spot ETF (IBIT) had a net inflow of $189 million on January 24, and its trading volume hit a record high of $6.8 billion on January 24. This shows that institutional investors' interest in cryptocurrencies continues to rise, driving market activity and the rise in Bitcoin prices.
Ethereum expansion strategy attracts attention**
Vitalik Buterin published an article discussing Ethereum L1 and L2 expansion strategies, emphasizing the importance of technical and social collaboration to the ecosystem. Ethereum L2 transaction volume increased by 48.3% in the fourth quarter of 2024, showing its potential in scalability and transaction efficiency.