GateUser-11814123

1. Institutional money is "swallowing" the market trend
The biggest hot spot: funds from large ETFs and financial institutions are entering very strongly.
• Bitcoin ETFs make it easier for money from "traditional" sources to flow into crypto
• Whales no longer trade like retail investors → they accumulate long-term
• The market is now "price-stabilized" by large capital flows, no longer experiencing irrational pump/dump like before
👉 Simply put:
Previously, small players fought each other, now big players are stepping in → the game rules change
2. Bitcoin is gradually becoming a "macro ass