Bitcoin has recently shown a steady rise, and this round of growth is different from the past dramatic fluctuations caused by retail investors. Behind this price increase is the continuous inflow of institutional funds and a reassessment of Bitcoin's value.

The main driving factors behind this trend include:

First, the Bitcoin spot ETF continues to attract funds. ETF products represented by BlackRock's IBIT have seen significant net inflows for several consecutive weeks, with a large amount of money entering the cryptocurrency market through compliant channels.

Secondly, large institutions are firmly holding Bitcoin. Publicly traded companies like MicroStrategy continue to increase their holdings of Bitcoin as a reserve asset, expressing confidence in its long-term development and providing solid support for the market.

Moreover, traditional financial institutions are shifting their attitudes. Banks, asset management companies, and other traditional financial institutions are deepening their research and application of Bitcoin, and their willingness to include it as an alternative asset in investment portfolios is gradually increasing.

The recent value growth led by institutions signifies that Bitcoin is gradually shedding its label as a purely speculative tool. With the improvement of compliant channels and the recognition of mainstream institutions, the attributes of Bitcoin as a new type of 'digital value storage' asset are becoming increasingly prominent.

The fundamental logic of the market is quietly changing. The moderate rise in Bitcoin prices reflects institutional investors' recognition of its long-term value, and this steady growth may indicate that the cryptocurrency market is gradually maturing.

However, investors still need to be cautious. Although increased institutional participation has brought a certain degree of stability, the inherent risks of the cryptocurrency market still exist. The uncertainty of the regulatory environment, technological risks, and sudden changes in market sentiment can all affect the price trend of Bitcoin.

Overall, this round of Bitcoin value reassessment driven by institutional funds may mark a new stage of development for the cryptocurrency market. With the participation of more institutional players, the market is expected to gain higher liquidity and stability, but it also faces new challenges and opportunities.