The key points to focus on today regarding institutional clues are: first, the progress of a bill related to “permanent government Bitcoin reserves” in the U.S. mentioned by CoinDesk has deepened, indicating that the policy narrative positioning BTC as a strategic asset is still gaining momentum; second, after BTC’s continuous rise, if ETFs and institutional capital continue to see net inflows, it will strengthen support above 85,000. In terms of execution, don’t just look at news headlines—the crucial factor is whether capital continues to flow, rather than single-day sentiment.