Bitcoin briefly surged to $74,000 in the early hours, and this movement was not accidental. Multiple data points indicate that institutional investment demand is driving this breakout, with Coinbase's premium rising to $61, suggesting large-scale buying by US institutions. Order flow data also confirms this.

Approximately $790 million worth of Bitcoin was purchased by institutions through single TWAP orders ranging from $10,000 to $1 million.

On the technical side, Bitcoin has re-claimed the $70,000 level and continues to rise. If it can hold above this level, it will confirm a breakout of the range and maintain a bullish outlook.

Ethereum continues to advance with market optimism, attempting to break through $2,200 but pulling back after failing, yet it remains consolidating at high levels. Before this round of momentum is exhausted, it is still advisable to approach with a pullback and buy strategy. #GateforAI重磅上线 $BTC