Analyst: Bitcoin breaks through $87000, but it's still too early to talk about a bull market

Odaily Planet Daily reported that the price of Bitcoin broke through $87000 today, marking the first time since April 2nd. Kronos Research analyst Dominick John said that this round of rise is driven by the global liquidity recovery and institutional buying, and Strategy's recent increase in BTC holdings is also a key signal. Although the net inflow of spot Bitcoin ETFs reached $15.8 million last week, analysts generally believe that it is "still too early" to talk about a new bull market in the context of the uncertainty surrounding the Federal Reserve's interest rate policy and Trump's tariffs. （The Block）