Bitcoin price may break $150,000
Currently, the best spot assets are BTC and BNB
1. Institutional funds and ETF effects drive market breakthroughs
1. Large-scale inflow of institutional funds
BlackRock's IBIT Bitcoin ETF saw a record net inflow of $3.1 billion in a single week, surpassing its gold ETF, becoming the main channel for traditional funds to enter. At the end of April, the daily inflow was closer to $1 billion, indicating a significant increase in institutional recognition of Bitcoin.
2. Safe-haven demand and weak dollar
Standard Chartered Bank pointed out that Bitcoin is replacing gold as a new safe-haven choice, compounded by a weak dollar and risks associated with U.S. Treasury bonds, driving funds towards crypto assets. Arizona's proposal to include Bitcoin in state reserves further strengthens its narrative as a reserve asset.
3. ETF siphoning effect
ETF funds create a pattern of "institutional bottom support, retail follow-up". If inflows continue, it will build momentum for a breakthrough; otherwise, it will test the market's resilience.
