Bitcoin and Ethereum Prices See Significant Shifts as Institutional Interest Rises

The recent surge in US-listed spot Bitcoin ETFs has broken records, with a seven-day inflow streak worth $1.9 billion, led by BlackRock's iShares Bitcoin Trust (IBIT). This significant institutional backing has pushed Bitcoin's price near $79,000 and analysts are now targeting a breakout above $80,000 to confirm a trend reversal.

Meanwhile, Ethereum's ETH/USD on-chain metrics indicate a potential supply squeeze, with 10 consecutive days of ETF inflows and rising institutional demand fueling price targets of $6,000 or higher. According to CryptoQuant, the number of daily ETH accumulation addresses has grown to 2,434, indicating a tightening of supply dynamics.