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[Flash News] Despite price fluctuations in the Bitcoin and Ethereum markets since March, both have shown relative strength after experiencing a long period of consolidation after all-time highs. The U.S. Securities and Exchange Commission’s (SEC) approval of an Ethereum spot ETF surprised the market, causing ETH prices to rise by more than 20%. In addition, the net flow of the Bitcoin U.S. Spot ETF turned positive again after four weeks of net outflows, indicating that demand for Bitcoin in traditional financial markets has picked up. Spending pressure from long-term holders has cooled significantly, with investors returning to accumulation mode, suggesting the market needs volatility to drive the next wave. Furthermore, Bitcoin has recovered to its all-time high, reaching $71,000 on May 20. This trend suggests that the current uptrend may be primarily a spot-driven market.

[Flash News] Despite price fluctuations in the Bitcoin and Ethereum markets since March, both have shown relative strength after experiencing a long period of consolidation after all-time highs. The U.S. Securities and Exchange Commission’s (SEC) approval of an Ethereum spot ETF surprised the market, causing ETH prices to rise by more than 20%. In addition, the net flow of the Bitcoin U.S. Spot ETF turned positive again after four weeks of net outflows, indicating that demand for Bitcoin in traditional financial markets has picked up. Spending pressure from long-term holders has cooled significantly, with investors returning to accumulation mode, suggesting the market needs volatility to drive the next wave. Furthermore, Bitcoin has recovered to its all-time high, reaching $71,000 on May 20. This trend suggests that the current uptrend may be primarily a spot-driven market.

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