Sustained bullish demand for Bitcoin ETFs and a turnaround in on-chain metrics are driving market sentiment. The surge in the Real World Asset (RWA) token market, coupled with anticipation for ETF tokenization, indicates the increasing financial integration of blockchain technology. While Ethereum shows a lack of momentum despite ETF inflows, the overall market maintains a cautiously bullish bias.

Bullish Demand for Bitcoin ETFs and Positive On-Chain Indicators Inflows exceeding $1.7 billion into spot Bitcoin ETFs signal renewed institutional confidence and expanding capital flow into the market. Improvements in on-chain metrics and the accumulation of 65,000 BTC by Bitcoin 'sharks' bolster expectations for short-term price appreciation. Bitcoin's recovery above $115,000, linked to CPI data, also indicates a resilient foundation amid macroeconomic uncertainty. Active Bitcoin Options Market and Potential Profit Taking The $4.3 billion Bitcoin options expiry suggests neutral-to-bullish sentiment, with the potential for $175 million in profits to be realized if the price remains above $113,000. However, while positive earnings from Oracle Corporation regarding AI infrastructure pushed Bitcoin above $114,000, macroeconomic uncertainties, including skepticism surrounding the AI sector, could act as drivers for short-term price volatility. BlackRock's Exploration of ETF Tokenization and Surge in the RWA Market BlackRock's consideration of ETF tokenization points towards the convergence of blockchain technology and traditional finance, potentially enhancing future market liquidity and creating new investment opportunities. The RWA (Real-World Assets) token market surged 11% weekly, reaching an on-chain value peak of $29 billion, reflecting growing interest in the digitalization of real-world assets. Ethereum ETF Inflows and Market Stagnation Despite $216 million in inflows into spot Ethereum ETFs, Ethereum (ETH) lacks strong upward momentum towards its $5,000 target. Although cumulative institutional purchases continue, a decline in network activity is capping price appreciation. Approximately $750 million worth of ETH accumulated in the $4,300-$4,400 range is forming strong support, with $4,500 acting as key resistance. [Overall Summary] Growing institutional demand for Bitcoin ETFs and improving on-chain indicators suggest a market recovery trend. Conversely, options expiries and macroeconomic uncertainties pose risks for short-term volatility. The expansion of the RWA token market and the exploration of ETF tokenization hold the potential to accelerate the integration of blockchain technology into financial markets. Ethereum, despite ETF inflows, has yet to establish a clear upward trend, and future trends in network activity remain a key focus.

Macroeconomic uncertainty, particularly the reliance on CPI data releases, poses a short-term volatility risk for Bitcoin's price. Potential profit-taking following the expiration of approximately $4.3 billion in options contracts should also be considered. Ethereum faces the risk that slowing network activity could act as a headwind to its price appreciation, and a break below $4,300 might trigger a new downtrend.

Short-term (24-48 hours): Depending on the CPI data, Bitcoin could hold the $115,000 level and potentially target $120,000. Mid-term (1 week): A scenario involving stabilization in the options market and continued inflows into ETFs could further propel Bitcoin upwards. For Ethereum, improved network activity is key, with a break above $4,500 serving as a near-term catalyst. Trends in the Real-World Assets (RWA) market also remain a focus.

In conclusion, the Bitcoin market exhibits a robust recovery trend, driven by sustained institutional inflows into spot ETFs and a positive turnaround in on-chain indicators. While short-term noise, such as the $4.3 billion options expiry and macroeconomic data releases, is present, these factors are likely to be transient drivers of volatility. Bitcoin is holding the $113,000 support level, with potential for an advance towards $120,000 and possibly exceeding it. Investors are advised to look for buying opportunities on dips near the $113,000 support, setting $120,000 as the initial take-profit target, and considering stop-losses should the price fall below $110,000. As for Ethereum, while inflows into its spot ETF are positive, a slowdown in network activity is acting as a headwind, warranting a cautious approach until a decisive break above the $4,500 resistance level. A decisive break above $4,500 could pave the way for further gains, whereas a move below $4,300 would increase short-term downside risk. From an investment strategy perspective, it is prudent to capitalize on Bitcoin's current momentum while awaiting clearer signs of fundamental improvement for Ethereum. Furthermore, BlackRock's initiatives in ETF tokenization and the expansion of the Real World Assets (RWA) market signify a longer-term evolution of the market landscape, making continued attention to these sectors crucial. In terms of risk management, maintaining portfolio diversification, considering hedges against macroeconomic events, and closely monitoring on-chain data will ensure readiness to adapt quickly to market shifts. Approach the market with optimism and a disciplined strategy to capitalize on emerging opportunities.