BTC has recently declined by 0.52% over the past 24 hours and is trading around 145 million won. Despite short-term price adjustments, BTC continues to maintain market dominance, with institutional investors continuing to buy.
In fact, Metaplanet recently purchased an additional 1,005 BTC, and the BTC ETF has recorded 12 consecutive days of capital inflows. This week alone, 547.7 billion won has flowed in, and the total net inflow since January this year has reached 48.4 trillion won.
Meanwhile, as the US Dollar Index has hit a two-year low, BTC is further solidifying its position as a store of value. These global macroeconomic factors are supporting BTC's medium to long-term bullish outlook.
ETH is trading at 3.34 million won, up 0.66%. ETH continues to rise while leading approximately 673 trillion won in DeFi total value locked (TVL).
In contrast, XRP is trading at 2,959 won, down 0.24%, while SOL is maintaining strength around 204,000 won, driven by increased Non-Fungible Token and DeFi activities. SOL is establishing itself as the second-most important DeFi platform after Ethereum.
With CME Group announcing spot-based futures contracts for BTC and ETH, cryptocurrency integration into the institutional framework is also gaining momentum. These products can be held for up to 5 years and are linked to major US stock indices.
Additionally, Layer 2 solutions and AI-cryptocurrency linked projects recorded weekly gains of 16.7% and 13.7% respectively, suggesting market diversification and technological expansion.
Binance Smart Chain has activated the Maxwell hard fork, reducing block generation time to 0.75 seconds. This is expected to improve transaction speed and scalability.
Overall, while BTC's technical indicators suggest short-term adjustments, strong institutional demand and global economic conditions are creating a favorable environment for medium to long-term growth.
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