#以太坊十周年 Bitcoin Breaks $72,000: Institutional Influx, ETF Capital Surge, and New Narrative Post-Halving
Core Logic:
1️⃣ Institutional-led Market: BlackRock, Fidelity ETF cumulative net inflow over $15 billion, Grayscale GBTC premium turns positive, traditional capital accelerates allocation
2️⃣ On-chain Data Validation: Long-term holder ratio rises to 72%, miner selling pressure drops to the lowest since 2021 (Glassnode data)
3️⃣ Post-halving Expectations: April 2024 halving may trigger "cost-push rally," historical backtesting shows average increase of 280% one year post-halving
Risk Warning:
⚠️ CME futures open interest hits all-time high, beware of leveraged liquidation risks
⚠️ Market volatility may amplify before the June Fed interest rate meeting
