Bitcoin has finally broken through the $97,000 mark, with institutional funds rapidly pouring in. The net inflow of the US Bitcoin spot ETF exceeded $400 million in a single day, with BlackRock accounting for $350 million.
This market rally is full of highlights: BTC's seven-day volatility has reached a 563-day low, and there are clear signs of market stabilization;
The Strategy plans to raise an additional $21 billion to purchase BTC, while Blockchain Group has set a goal of accumulating 260,000 Bitcoins over the next ten years.
Institutional long-holding strategies have significantly compressed circulating supply, providing stronger bottom support for BTC prices.
As expectations for interest rate cuts by the Federal Reserve rise, the day when Bitcoin challenges $100,000 may not be far off. Pay attention to market reactions around the $100,000 mark.
