according to The Block, research analysts said that institutional demand continues to drive Bitcoin to maintain near historical highs, with the current trading price around $118,500. Ethereum, on the other hand, has surged to $3,761, benefiting from more and more companies adding ETH to their treasury reserves and record inflows into ETFs. Presto Research analyst Min Jung pointed out that although Bitcoin's dominance has dropped to 61%, the current bull market is mainly driven by institutions, and it is uncertain whether this strength can extend beyond the widespread altcoin market outside of large "dinosaur coins." LVRG Research head Nick Ruck added that the current bull market cycle is attributed to corporate treasuries adding Ethereum and a few major altcoins, as well as traditional financial companies further integrating DeFi trends through RWA tokens and stablecoins.