[Matrixport: Current Bitcoin Market Led by Institutions with Three Stages of Growth] According to a report by Jinse Finance, Matrixport released an analysis chart indicating that the current fifth Bitcoin bull market exhibits unique characteristics: it is institutionally driven and has experienced three stages of growth, which is distinctly different from the two stages observed in 2020-2021. Currently, the 21-week moving average stands at $109,899, regarded as the dividing line between bull and bear markets. The analysis points out that if Bitcoin can remain above this moving average, the bull market trend is likely to continue; conversely, if it falls below this level, it may enter a more challenging market phase.