Recently, the cryptocurrency market has once again stirred, with Bitcoin's price steadily climbing, nearly approaching $97,000, and an increase of over 3.42% this year. The excitement in the market continues to rise, but some analysts have thrown cold water on things, reminding investors to pay attention to short-term adjustment risks. Glassnode's co-founder warned that due to weak market liquidity, Bitcoin might temporarily drop to around $92,000.

Institutional giants are sweeping up Bitcoin, with holdings hitting new highs!

Although there is a possibility of market adjustments, institutional investors are quietly increasing their positions. Tesla's latest financial report shows that the company still holds 11,000 Bitcoins, with a paper profit of over $589 million, effectively 'waiting for appreciation.' Meanwhile, another 'whale' in the cryptocurrency market—MicroStrategy—invested a staggering $742 million in early February, increasing its holdings by 7,633 Bitcoins at an average price of $97,255 per coin, raising its total holdings to 478,700 Bitcoins. This means that Bitcoin's position on Wall Street is becoming increasingly solid, with mainstream financial institutions continuously recognizing its value.