Group 1 - Bitcoin surged back above $100,000, while Ethereum approached $2,500, driven by easing trade tensions between the U.S. and China [1][4] - Market sentiment shifted towards risk appetite, with analysts noting that the trade negotiations could boost risk assets, particularly Bitcoin [4] - Bitcoin's historical high was reached at over $109,000 on January 20, but it subsequently fell about 32% to below $75,000 in April due to tariff announcements [4] Group 2 - A Standard Chartered analyst revised his price prediction for Bitcoin, suggesting that the previous target of $120,000 for Q2 may be too low, indicating a potential bullish outlook [4][5] - The analyst highlighted a shift in Bitcoin's narrative from being associated with risk assets to a strategic asset reallocation from U.S. assets [5] - Institutional capital is increasingly flowing into Bitcoin, with $5.3 billion entering U.S. spot Bitcoin ETFs over the past three weeks, indicating growing institutional interest [6]

Group 1 - Standard Chartered's digital asset head Geoffrey Kendrick revised his Bitcoin price prediction, stating that his previous forecast of $120,000 for Q2 may be too low [1] - Kendrick's earlier report indicated that Bitcoin could reach around $120,000 by Q2 2025 due to strategic asset reallocation away from U.S. assets and accumulation by major holders [1] - Kendrick noted that Bitcoin's narrative has shifted, becoming a means for strategic asset reallocation from U.S. assets, with recent price movements reflecting this change [1] Group 2 - Kendrick highlighted a significant inflow of $5.3 billion into U.S. spot Bitcoin ETFs over the past three weeks, indicating increased institutional interest [2] - Examples of large investors reallocating portions of their portfolios to Bitcoin include MicroStrategy increasing its Bitcoin purchases and the Abu Dhabi sovereign wealth fund holding BlackRock's IBIT Bitcoin ETF [2] - The Swiss National Bank's purchase of MicroStrategy stock further illustrates the trend of viewing Bitcoin as an alternative investment [2]