Last week’s key points: Capital reallocation, continued volatility, opportunities and outlook —
1️⃣ Continued Volatility:
The core contradiction in the crypto market over the past week is not sentiment but capital structure:
$BTC and
$ETH declines mainly stem from persistent net outflows in spot ETFs, indicating that the market is still in a state of fluctuation.
2️⃣ Institutional Performance:
Selling pressure is highly concentrated in high-fee/old products (GBTC, FBTC, ETHE). BlackRock’s IBIT and ETHA still maintain net inflows, suggesting that institutions have not exited but are reallocat