[Bernstein: Continuous Inflows from Long-Term BTC Holders Support Market Rebound] According to Deep Tide TechFlow on March 16, citing a report from Cointelegraph, investment research firm Bernstein highlighted in its latest research report that the core driving force behind Bitcoin's recent rebound lies in the continued strengthening of the long-term holder structure. Over the past week, BTC has risen by approximately 7%, and ETH by about 9%, outperforming gold and major stock indices. Bernstein attributes this to the sustained inflows into U.S. spot Bitcoin ETFs and the continued accumulation by companies like Strategy. In terms of fund inflows, U.S. spot Bitcoin ETFs have seen net inflows for three consecutive weeks, totaling over $2.1 billion. Year-to-date net outflows have narrowed to approximately $460 million, while total assets under management stand at around $92 billion. Regarding holding structure, data from Glassnode shows that about 60% of Bitcoin's current supply has not been moved on-chain for over a year. According to Bitcoin Treasuries data, ETFs and exchanges collectively hold approximately 1.6 million BTC, while publicly listed companies collectively hold about 1.15 million BTC. On the corporate accumulation front, Strategy has added a total of 66,231 BTC year-to-date, at a cost of approximately $5.6 billion, with an average price of around $85,000 per BTC. Their total holdings now exceed 738,000 BTC.