Bitcoin recently broke through a critical technical resistance level, with the concentrated increase in institutional funds being viewed as an important factor driving the price rise. According to a report released by Xinhuo Research Institute, a research subsidiary of Xinhuo Technology, Bitcoin has successfully surpassed the critical resistance range of approximately $73,000 recently, with a significant increase in trading volume.
The report points out that leading funds have continued to maintain a net inflow, completing a chip rotation in the previous fluctuation range near $60,000, forming a new price center in the market.
Changes in institutional holdings have also attracted attention. Data shows that digital asset companies such as Strategy, Marathon Digital Holdings, BitMine, and SharpLink have simultaneously increased their Bitcoin holdings since March, marking the first time in six months.
Research institutes estimate that the scale of Bitcoin held by these institutions currently accounts for about 5.5% of the total supply. Analysts believe that this "resonant" increase by such institutions helps solidify the market structure after the breakthrough.
