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Analyst: The current bull run cycle is led by institutions, and it is still uncertain whether it will benefit alts.
Odaily News Presto Research analyst Min Jung stated that supported by ongoing institutional demand (especially from crypto assets fund management companies), Bitcoin continues to hover near historical highs, and ETH's price is also benefiting from the push from institutional investors, with more and more listed companies beginning to include ETH in their corporate treasury. The market is showing early signs of a strong altcoin season, but it remains uncertain whether this strong momentum will extend to the broader altcoin market. (The Block)