#BTC突破99K is completely messed up, the pancake is about to reach 100,000 again, didn't we agree not to make big moves in the short term? It seems like my dual-currency investment is going to sell off, not sure if there will be another opportunity to buy back?

Bitcoin has once again broken through $99,000, mainly driven by the following factors:

1. Federal Reserve policy expectations: Although maintaining interest rates, the market is sensitive to expectations of rate cuts, and Powell's dovish stance may boost liquidity expectations, uplifting risk assets;

2. Institutional capital influx: Continuous net inflow into Bitcoin spot ETFs (such as BlackRock's IBIT attracting nearly $1 billion in a single day), with institutional holdings accounting for nearly 6% of Bitcoin's total market cap, driving prices past key resistance;

3. Geopolitical safe-haven demand: The escalation of the India-Pakistan conflict has spurred demand for safe-haven assets, and Bitcoin is seen as “digital gold,” with some funds shifting from traditional safe-haven assets to cryptocurrencies;

4. Technical breakout: On-chain data shows that both short-term and long-term holders are increasing their positions, with liquidity pools gathering in the $98,000-$99,500 range, breaking through may trigger short squeezes and FOMO sentiment. If it holds above $99,000, it may briefly challenge the $100,000 mark, but caution is needed regarding selling pressure from long-term holders and regulatory uncertainties.