Surprise! Bitcoin Breaks $100,000, But Old Money Begins to Withdraw?

Bitcoin has finally crossed the $100,000 mark, causing a frenzy in the crypto world. But just when you think everyone is scrambling to buy, reality delivers a harsh wake-up call—traditional funds are 'on the sidelines' or even quietly exiting the market.

Although the holdings of Bitcoin on exchanges haven't increased much and there hasn't been a large outflow, indicating that most holders choose to hold and are optimistic about the long term. However, another signal is thought-provoking:

The buying power of ETFs has been halved, and institutional investors' enthusiasm has sharply declined.

This is not bearish but rather cautious. Traditional investors are slowing down their investment pace, while retail and exchange players are surging in, driving up the market.

Currently, the market's 'accelerator' is in the hands of FOMO, but to go further, we must see when old money returns to the battlefield.