Latest Bitcoin Market Update: ETFs and institutions are buying in, while retail investors are staying on the sidelines! BTC continues its rebound, climbing about 15% from its July low. The price is consolidating around $66,600, with an intraday high of $66,956, nearing the second peak around $67,500. Let’s take a look at the latest ETF data: ETFs have seen net inflows exceeding $700 million over the past five trading days, marking the longest streak of inflows since May. Yesterday alone, there was a net inflow of $220 million. BlackRock transferred 1,789 BTC (approximately $119 million) from Coinbase Prime to its IBIT wallet yesterday. Meanwhile, Morgan Stanley increased its holdings by 115 BTC over the past week, bringing its total holdings to over 5,800 BTC. On the macro front, Treasury Secretary Besant stated that the CLARITY Act is on the "one-yard line" and about to pass, which has boosted BTC by over 2%. However, the market remains in "summer hibernation" mode. K33 Research noted that BTC’s 30-day trading volume is only 62% of the annual average. Historical data shows that late July is typically one of the weakest periods of the year. In South Korea, there’s a -1.02% "negative kimchi premium," indicating a lack of enthusiasm among Korean retail investors for Bitcoin and digital currencies. Are Korean retail investors stuck in the stock market? The core issue right now is: Institutions are buying (ETFs have seen $700M inflows over 5 days), while retail investors are on the sidelines (low trading volume + negative Korean premium). The sustainability of the rebound depends on whether institutional buying can continue.