The Bitcoin spot ETF of the world's largest asset management company, BlackRock, saw a net inflow of $877 million in a single day, further increasing the ETF holdings to 1.19 million BTC.

This data is undoubtedly significant—the scale and speed of institutional funds entering the market have far exceeded expectations.

A key observation point moving forward is whether the inflow speed of Bitcoin ETF products can continue to be sustained, especially given the current high price levels.

If funds continue to pour into the ETF in the coming days, it would indicate that Bitcoin is likely still in the middle of this bull market, rather than at the top. $BTC