Analyst: Institutions Have Increased Holdings by Over 30,000 BTC in the Past Week

According to a report by Jinse Finance, CryptoQuant analyst Axel Adler Jr stated that multiple macroeconomic headwinds—including weaker-than-expected nonfarm payroll data (73,000 vs. the expected 110,000), the Federal Reserve holding rates steady for the fifth consecutive time amid internal disagreements, and escalating tariff tensions—have impacted the market. Bitcoin quickly retraced from its high of $119,800 to $112,000, with 30-day momentum dropping to +3% and the ADX falling to 36, indicating a weakening of short-term bullish momentum. Despite increased short-term volatility, the structural bullish outlook remains unchanged. Over the past week, strategies and institutions have accumulated more than 30,000 BTC, the options market's max pain point remains stable at $118,000, and bullish positions at higher strike prices continue to dominate. The SEC's launch of the "Crypto Project" is also expected to ease long-term regulatory pressure on the industry.