📊 [SunX Research Weekly] U.S. bond shock and ETF backflow coexist: Bitcoin retraced after soaring $87,000, and institutional funds began to dominate pricing. 🚀 Crypto market • 🪙 Bitcoin's high retracement: It broke through $87,000 on Monday, a new high in nearly eight months, and then fell back to around $84,500–85,000. • 💎 Ethereum is stable: stable above $2,690. • 💰 ETF capital-dominated: U.S. spot Bitcoin ETF had a net inflow of about $2.4 billion this week, the largest single-week inflow since October 2025, and helped the cumulative flow become positive in 2026. 🧠 In-depth observation The surface is macro-shrinking, and the bottom is the accelerated formation of the institutional configuration channel. ETF capital return superimposed on the implementation of regulatory rules, which is pushing crypto assets from "edge trading" to "mainstream configuration". SunX Research will comprehensively sort out this week's TradFi data and encryption direction. Please check the full report below. https://support.sunx.vip/hc/en-001/articles/17784138546191