Summary: Multiple Institutions Increase Cryptocurrency Holdings, Analysts Simultaneously Shift to Bullish

BlockBeats News Update: On March 4th, following yesterday's $225.2 million net inflow into the US Bitcoin spot ETF, Bitcoin led a strong rebound in the crypto market today. The overall open interest of futures contracts saw the largest single-day increase since July last year, with several institutions increasing their crypto holdings. Highlights include:

- Ark Invest buying the dip and continuing to hold COIN and HOOD, along with increasing their stake in crypto-related stocks;

- BlackRock's ETF wallet saw a net outflow of 3,809 BTC in nearly 20 hours;

- The Gamma Fund scooped up 9,000 ETH at an average price of $1,984;

Alongside institutional buying, multiple analysts have also expressed bullish views on the crypto market:

- On-chain data analyst Murphy noted that the market's confidence index has hit an "extreme negative value," indicating that investors' confidence in Bitcoin's trend has almost collapsed. Additionally, the short-term signal "BRS" for Bitcoin has started to shift after a month-long "buy" phase, moving towards a "sell" signal;

- Crypto market analysis firm Santiment mentioned that discussions on social media about the "altcoin season" have cooled off. However, historical data suggests that when interest in altcoins reaches an extremely low point, it is often the eve of a rebound.