During this holiday, the market completed an effective support test near 56,000. After falling to the bottom on May 2, the market began a V-shaped structural trend and has now returned to the upper position of 64,000+. Every time it falls, there will be a large number of institutional purchases. This is the main narrative for a long time in the future. Bitcoin has become an institutional currency since the approval of the ETF.

Robert Mitchnick, head of digital assets at BlackRock, said that in the next few months, financial institutions such as sovereign wealth funds, pension funds and endowment funds may begin trading Bitcoin spot ETFs.

BNP Paribas, the second largest bank in Europe, recently disclosed its purchase of Bitcoin through a 13F filing submitted to the U.S. Securities and Exchange Commission.

Overall, during the holiday period, when the market stopped falling and rebounded, the#MEME#AI sector was still the main narrative track, so every time there is an opportunity, you must layout some.