**[Analysis: BTC Hovers at $111,000, Institutional Demand for ETH Continues to Grow Strongly]** Odaily Planet Daily reports that Bitcoin's price is hovering around $111,000. Despite relatively low volatility, derivative positions worth nearly $250 million were liquidated in the past 24 hours. Bitcoin's dominance has dropped from 61% to 57%, indicating a positive outlook for altcoins. At the same time, a significant number of cryptocurrency fund management companies have begun adopting strategies to increase their holdings in altcoins. Institutional adoption of ETH is growing strongly, with the number of ETH held by ETFs increasing by 250,000 last week. (CoinDesk)