$BTC As of May 3, 2025, Bitcoin performed strongly this week, with a weekly increase of 12.3%, and the price once surpassed $97,000. The main driving factors include the accelerated entry of institutions (such as BlackRock's Bitcoin ETF application review and Grayscale's increase of 12,000 BTC), the halving cycle effect exacerbating supply and demand conflicts, and the influx of safe-haven funds triggered by geopolitical conflicts. However, on Friday, influenced by positive non-farm data and delayed interest rate cut expectations, the price fell back to $96,648, with a 24-hour decline of 0.06%. The market shows a pattern of short-term volatility coexisting with long-term bullishness, and attention needs to be paid to the U.S. SEC's ruling on BlackRock's ETF and changes in macro policy.