Bitcoin returns to $100,000, symbolizing the activation of a bullish market. Continuous net inflows into spot ETFs indicate strong confidence among institutional investors. Expectations for interest rate cuts in the U.S. are rising, combined with heightened market risk aversion, driving funds back into crypto assets. On-chain data shows that the number of holding addresses has reached a new high, and long-term holders continue to hold without selling, indicating that the market still has upward potential. The halving effect continues to ferment, with tightening supply providing support for prices. Short-term volatility is intensifying, and it is recommended that investors remain calm and pay attention to changes in market positions and the movements of major players. This wave of rebound not only signifies a return of prices but also symbolizes a dual restoration of market confidence and asset recognition.