News from (Gate News): On April 3rd, JPMorgan’s analysis shows that digital asset inflows in Q1 2026 totaled approximately $130 billion, only about one-third of the same period last year, indicating a clear slowdown in market momentum. Based on current run-rate annualization, total inflows for the full year could be around $44 billion, far below the historical peak of approximately $130 billion in 2025. In terms of inflow structure, in this quarter, the primary source of inflows comes from companies allocating funds from their balance sheets (—especially firms such as Strategy continuing to buy Bitcoin)—and crypto venture capital investment, while participation from traditional investors (including both institutions and retail investors) has clearly declined. In addition, Bitcoin futures positions on CME have weakened, reflecting institutional demand turning negative; spot Bitcoin and ETF Ethereum recorded net outflows in January, and although there was some rebound by March, the overall picture still leans weak. The analysis suggests that the current market shows the structural feature of “a major money group dominating,” rather than capital re-entering broadly.