Who is really driving this round of market?
Unlike what retail investors imagine, the core driving force of this market round comes from traditional financial institutions in the United States. The Coinbase trading platform continues to lead the price trend over Binance, with ETF inflows exceeding $3 billion in a single week, and news of 'sovereign funds are buying frantically' leaking from within institutions, all pointing to one fact: Wall Street is rewriting the rules of the cryptocurrency game with real money.
This institution-led market presents two main characteristics:
First, price fluctuations are relatively restrained, with Bitcoin achieving a breakthrough of nearly 10,000 points with just a 7% increase;
Second, the scale of short liquidations is unusually mild, with hundreds of millions in liquidation amounts being insignificant in historical market contexts.
This 'dull knife cutting flesh' style of increase precisely exposes the operational methods of traditional capital — they do not need violent fluctuations, just a continuous influx of funds.
