Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Bitcoin's three-week consecutive rise: institutional ETF holdings approaching 6%, risk signals also emerging
【Crypto World】Bitcoin has not stopped since July this year, rising for three consecutive weeks and lingering at high levels. This momentum is indeed quite strong. The behind-the-scenes driver is quite obvious—large institutions are continuously deploying through compliant spot ETFs. ETF products from leading firms like BlackRock and Fidelity now hold more than 6% of Bitcoin’s total market value. This certainly provides some confidence for the market.
But things are not that simple. Some analysts specifically remind that this institutional funding is not fixed. Once the ETF buying trend reverses, Bitcoin will still face pressure. Plus, the inherent volatility of the coin price remains unchanged, and there may still be quite a bit of turbulence in the short term. So, the truly smart approach is to adopt a long-term mindset and not always think about short-term trading. Institutions are planning for the long haul, while retail investors chasing short-term gains are more likely to get caught.