Analysis: Bitcoin is likely to continue its consolidation phase in the short term.

CoinFeed reported on May 26th that, according to BIT analysis, the key to market analysis often lies in identifying the core factors driving asset price movements and observing when these factors begin to change. In the case of Bitcoin, the recent sustained rise has largely depended on the ebb and flow of institutional demand and market supply. Over the past year, spot Bitcoin ETFs and Strategy (formerly MicroStrategy) have been significant sources of this demand. When ETF inflows accelerate and Strategy continues to increase its Bitcoin holdings, Bitcoin prices typically continue to rise. Currently, the combined net purchases by ETFs and Strategy have fallen to only $870 million, mainly due to significant outflows from ETFs, shifting from net buying to net selling. Until ETF inflows stabilize and rebound, Bitcoin may continue to consolidate in the short term.