A sharp 3.3% decline pushed ether below a key support level, but institutional whales bought the dip, signaling long-term confidence despite technical breakdowns.

**[Glassnode Co-Founder: Bitcoin's "Four-Year Cycle" Has Failed, Transforming into a Macro Liquidity-Driven Asset]** Glassnode co-founder Negentropic stated that Bitcoin's "four-year cycle" model is no longer applicable. As Bitcoin gradually evolves into a more mature asset, its volatility has significantly decreased, and it has become more deeply integrated into global macro investment portfolios. This change is not a flaw but a natural result of the asset's growth in scale and stability. Negentropic pointed out that Bitcoin's market performance is gradually moving away from being influenced by structural supply factors (such as halving events and miner selling pressure) and is instead being driven by liquidity, credit cycles, and macroeconomic trends. He also emphasized that outdated mental models could become a weakness for retail investors, as market behavior often leverages public consensus as a tool. While the "four-year cycle" still exists, it has become a strategic tool in the crypto market targeting retail investors.

According to AiCoin monitoring, the net inflow of US spot BTC ETF reached $240 million yesterday, the highest daily net inflow since October 29th. Among them, IBIT had the largest inflow of funds, reaching $112 million; Next is FBTC, with an inflow amount of 61.6 million US dollars. According to the "Spot BTC ETF Tracking" real-time trading strategy developed by AiCoin, there is a significant positive correlation between the inflow of ETF funds and BTC prices. Subscription indicators can be used to automatically place orders based on the flow of funds in the program. Data for reference only

[Stablecoin Reserves on Exchanges Increase by Nearly $10 Billion in One Month] On-chain data shows that over the past month, stablecoin reserves on cryptocurrency exchanges have significantly increased, with a cumulative growth of approximately $10 billion. This trend indicates that market participants are converting crypto assets into stablecoins, potentially reflecting a demand to hedge against price volatility or prepare for subsequent trading activities.

[U.S. Spot Ethereum ETF Recorded a Net Inflow of $9.09 Million Yesterday] The U.S. Spot Ethereum ETF achieved a net inflow of $9.09 million yesterday, indicating a continued growth in market demand for Ethereum-related investment products. This inflow data reflects investors' positive attitude toward Ethereum's long-term value and market potential.