The Trump administration announced the establishment of a Bitcoin strategic reserve, but clearly stated that it would not acquire assets through fiscal spending, only using approximately 200,000 Bitcoins obtained from confiscation as reserve capital. This policy differed from the market's previous expectation of 'actively purchasing to supplement reserves,' leading to a more than 5% intraday plunge in Bitcoin prices, briefly falling below the $85,000 mark. In the short term, the policy's implementation falling short of expectations triggered investor sell-offs, dampening market sentiment. The long and short squeeze led to over 150,000 people being liquidated within 24 hours, with an amount reaching $525 million. In the long term, this reserve plan still provides institutional support for Bitcoin, and the government's clear 'no sale' strategy helps stabilize market confidence. However, global economic stagflation risks, trade frictions, and regulatory uncertainties may still suppress price rebounds. Future trends will depend on the interplay of policy execution details and the macroeconomic environment.