According to The Block, research analysts said that continued institutional demand is pushing Bitcoin to remain near historical highs and is currently trading at about $118,500. Ethereum rose strongly to US$3,761, benefiting from more and more companies including ETH in treasury reserves and record inflows of funds from ETFs. Min Jung, an analyst at Presto Research, pointed out that although Bitcoin's dominance has dropped to 61%, the current bull market is mainly driven by institutions, and it remains uncertain whether this strength can extend to the broad altcoin market beyond the large "dinocoins." Nick Ruck, director of LVRG Research, added that the current bull cycle is attributed to the addition of ether and a few major altcoins to corporate treasuries, as well as the trend of traditional financial companies to further integrate DeFi through RWA tokens and stablecoins.