#BTC突破99k#

"After a hundred thousand, will Bitcoin enter an 'institutional bull' or an 'emotional bear'?"
Bitcoin has surpassed $100,000, driven by the rise of institutional forces—ETF products from traditional giants like BlackRock and Fidelity have dominated this new round of increases. This may signify the beginning of an "institutional bull market," with a market structure that is rational, compliant, and focused on long-term holding being formed.
At the same time, on-chain data shows that retail sentiment is rapidly heating up, with social media activity reaching new highs. Historical experience tells us that when sentiment reaches its peak, volatility often follows.
The key to the next phase lies in two points: 1) Whether the macroeconomic environment supports institutions to continue reallocating; 2) Whether regulatory policies will "loosen" or "tighten" the crypto industry. Only when confidence resonates with the fundamentals can the market have sustainability.
Conclusion: One hundred thousand is just a watershed. Bitcoin, will it continue to be taken over by institutions, or will it undergo a "second bottom" after a change in sentiment? The answer is left to the market, but the direction always belongs to the calm.