Bitcoin has recently depegged from the US stock market, moving into an independent market trend, demonstrating its resilience as a "macro hedging asset."

The U.S. "Bitcoin Strategic Reserve Act" freezes 6% of the circulating supply (200,000 BTC), exacerbating supply tightness, which may drive a mid- to long-term value reassessment.
In addition, the net inflow of spot Bitcoin ETFs has exceeded $40 billion, with institutional funds continuously entering the market to provide liquidity support.
Market sentiment has shifted from retail speculation to institutional allocation, with an increase in the proportion of long-term holding funds, reducing short-term volatility risk.
However, the pressure point of $105,000 may trigger profit-taking, possibly leading to a consolidation phase in the short term. Be wary of sudden risks: China's restrictions on cryptocurrency trading have not yet eased, and one must guard against policy changes impacting the market. #BTC即将创新高吗？