In 2023, the Bitcoin market has been highly volatile and full of opportunities. Since the beginning of the year, Bitcoin has seen a cumulative increase of nearly 80%, with prices strongly breaking through $86,000. Numerous institutions and experts have provided forecasts, among which Standard Chartered Bank noted in its latest report that if Trump wins, policies such as dismissing the SEC chairman and promoting stablecoin legislation will become the core driving force for Bitcoin's price increase, with a projected price of $200,000 by the end of 2025.

From a technical perspective, Bitcoin has successfully broken through the 'Bullish Megaphone' pattern, which is usually seen as a positive signal, with a short-term price target pointing to $90,000. Meanwhile, in the derivatives market, over $2.8 billion has been wagered on further increases in Bitcoin, reflecting the optimistic sentiment of market investors regarding its future trend.

Moreover, the movements of institutional investors are particularly noteworthy. For example, BlackRock's iShares Bitcoin Trust (IBIT) experienced a single-day net inflow of $970.9 million on April 28, 2025, setting a record as the second highest since its launch in January 2024. Since April 22, IBIT has accumulated net inflows of over $4.5 billion, with assets under management exceeding $54 billion, capturing 51% of the U.S. spot Bitcoin ETF market. The substantial influx of institutional investors has injected strong momentum into the Bitcoin market and, to some extent, supported market expectations for rising Bitcoin prices. However, Bitcoin's price movements are influenced by numerous complex factors, and investors should still cautiously assess the risks.