PANews reported on May 22 that on-chain analyst Willy Woo shared a chart pointing out that the net inflow of funds into the Bitcoin network has continued to grow over the past 30 days, showing a highly stable trend. He said, "I have never seen such a smooth inflow of funds," and speculated that institutions may be making long-term fixed investments at the billion-dollar level, supporting the BTC price to break through $110,000.