Analyst: Institutional demand supports the strength of Bitcoin and Ethereum, while the outlook for small altcoins remains uncertain

ChainCatcher news, according to The Block, research institutions indicate that the continuous entry of institutional investors is driving Bitcoin to maintain near historical highs, with the current trading price around $118,500. Ethereum is performing strongly, with its price rising to $3,761, benefiting from more companies incorporating ETH into their treasury reserves and record inflows into spot ETFs.

Presto Research analyst Min Jung pointed out that although Bitcoin's dominance has fallen to 61%, the current bull market is still led by institutional funds, and it remains uncertain whether this will spread to a broader altcoin market beyond large "dinosaur coins."

LVRG Research director Nick Ruck added that the driving forces behind this bull market include corporate treasury allocations of ETH and some mainstream altcoins, as well as the trend of TradFi institutions accelerating the integration of the DeFi ecosystem through RWA tokens and stablecoins.