Golden Finance Report: Analysis from Matrixport indicates that there has been a significant increase in stablecoin minting over the past 2-3 weeks, playing a key role in driving the recovery of Bitcoin prices. While there have also been inflows into Bitcoin spot ETFs during the same period, stablecoins, as the primary channel for fiat-to-crypto exchange in the cryptocurrency market, are considered the main driver of price increases due to their stable minting activities. This trend suggests that institutional investors may have played a central role in this price surge, with their participation levels even surpassing the impact of macroeconomic conditions and monetary policy. Over the past two weeks, market participants have closely monitored this dynamic, considering it one of the key factors determining Bitcoin's direction.