Why did #BTC重返10万 suddenly surge?

1️⃣ Big institutions are going on a buying spree: A few Bitcoin ETFs in the US (like ARKB and FBTC) are attracting funds daily, and institutional bigwigs are really willing to buy. The total holdings have now exceeded 110 billion dollars!

2️⃣ Bank interest rates are too low: The Federal Reserve refuses to lower interest rates, and keeping money in the bank is worse than investing in Bitcoin, after all, it's a bet that it can resist inflation.

3️⃣ International situation is chaotic: India and Pakistan have been stirring things up recently, and some people feel that gold is not exciting enough, so they turn to buy Bitcoin for safety.

What’s the current situation?

In the short term, it might surge higher: Technicians say that if it stabilizes at 94,000, it can reach 110,000, but around 100,000, there will definitely be people wanting to sell since they’ve made over three times the profit. Don’t blindly chase after it!