PANews reported on April 27th that, according to BIT analysis, spot Bitcoin ETFs have recorded net inflows for nine consecutive trading days, with institutional buying steadily accumulating. Unlike rapid short-term inflows, this type of sustained inflow often provides more solid support for prices. Meanwhile, Strategy (formerly MicroStrategy) has invested approximately $11 billion this year to increase its Bitcoin holdings, further strengthening market demand. With the combined effect of ETF inflows and corporate buying, support levels during price pullbacks have also strengthened. Overall trading volume remains relatively light, and short sellers have not exited the market en masse in a short period. As prices rise, some short positions are being gradually squeezed out. This slow clearing process is more conducive to the continuation of the upward trend than a sharp short squeeze. Currently, as long as no clear risk event triggers risk aversion, the current market structure still supports Bitcoin's continued gradual rise.