BlackRock's total holdings have exceeded 792,000 BTC, with net inflows exceeding $320 million (approximately 433 BTC) in the past 24 hours, serving as the core bullish force driving this price breakthrough above 74,000;

◦ Continuous net inflows of approximately $45 million over the past 3 hours, with no outbound transfers to exchanges, highly stable holding structure, and extremely strong institutional buying momentum;

◦ Key market maker Jane Street has been continuously sweeping orders in the 73,500-74,000 range, with buy-side pending orders 35% higher than sell-side, actively pushing prices higher.