"A volatile pattern of seesawing between bulls and bears"

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The recent inflows into spot Bitcoin ETFs have slowed down, but institutions such as Standard Chartered still remain bullish on the long-term trend, with price targets potentially raised above $120,000. Meanwhile, institutions like Japanese listed company Metaplanet continue to increase their holdings of Bitcoin, demonstrating institutional recognition of Bitcoin's long-term value. However, it is worth noting that large wallets and old wallets showed synchronized selling in May, indicating some profit-taking pressure in the market. From the perspective of market sentiment indicators, the current market sentiment is rather complex, with both bulls and bears seeking direction and no strong unilateral tendency.


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