Ansem: This cycle will place greater emphasis on altcoin fundamentals, rather than simply following BTC and ETH price movements.
Institutional activity is generally interpreted in three ways:
① Allocation: positioning by quarter, with little focus on intraday price movements;
② Rebalancing: adjusting proportions, which does not necessarily indicate a bullish outlook;
③ Trading: short-term moves, getting in and out quickly.
This looks more like ①, providing price support rather than a boost.
$BTC latest: 81712.82, 24h: -0.018%. A single piece of news usually has less impact than people think.