Point of view: The current market rebound is mainly driven by institutions, and the alts market still has uncertainty.

BlockBeats news, on July 21, Presto Research analyst Min Jung stated: "Supported by ongoing institutional demand (especially from crypto asset fund management companies), Bitcoin continues to hover near historical highs. Given the nature of these buyers, it is unlikely that they will become active sellers in the short term. That said, we are starting to see older wallets taking profits as prices break previous highs, which could bring some short-term fluctuations." Jung noted that the price of Ethereum is also benefiting from the push by institutional investors, with more and more listed companies beginning to incorporate ETH into their treasuries. The net inflow of ETH spot ETFs has recently hit a record high, while the inflow of BTC ETFs during the same period has also exceeded that of BTC ETFs. "The key question now is whether this momentum can be sustained after such a strong performance last week. However, the market is showing early signs of an altcoin season, including a decline in Bitcoin's dominance amid stable BTC prices and rising ETH." (The Block)