From the BTC chip distribution perspective, $102,000 is a short-term support level, and in the range of $100,500 to $105,000, 1.4 million BTC has been accumulated, mainly by short-term investors. From the spot ETF data, BTC spot ETF had a net inflow of $667 million yesterday, continuing a net inflow for 4 days. ETH spot ETF also had a net inflow of $13.66 million yesterday, continuing a net inflow for 2 days, with no net outflow from the nine ETFs. This indicates that institutions are still buying the dip, which will have a certain uplifting effect on short-term prices.

Overall, BTC has relatively strong upward momentum in the short term. If it breaks through $110,000 and sets a new high, ETH will likely rise alongside it. However, the premise is to break through $110,000! If something happens just before the new high, a powerful shakeout cannot be ruled out.

Historically, only when BTC and ETH truly achieve significant gains can the altcoin market experience a collective explosion! #BTC挑战11万大关 #币安Alpha推出MERL交易竞赛 #GENIUS稳定币法案