As the massive liquidity from 'passive investment (index tracking)' that has dominated the stock market begins to fully transfer to the Bitcoin market, there's a forecast that Bitcoin's price could soar to as high as $105,000 this summer. CryptoSlate reported, citing Bloomberg Intelligence data, that assets with concentrated passive fund inflows are recording overwhelming returns compared to those without, and Bitcoin stands at the center of this structural buying pressure. Approximately $58.4 billion has cumulatively flowed into US spot Bitcoin ETFs, with BlackRock's IBIT, in particular, dominating institutional distribution channels and acting as a 'structural buying bot'. Experts analyzed that an allocation formula, where asset managers mechanically allocate 1-2% of portfolios to Bitcoin, has begun to operate. However, they warned that if inflation indicators turn out higher than expected, it could be a double-edged sword, potentially leading institutions to withdraw funds rapidly and cause a sharp drop to the $60,000 level.
