#BTC重返10万 1. Policy and Macroeconomic Environment Improvement

◦ The Federal Reserve maintained interest rates and signaled a potential rate cut, alleviating market concerns about sticky inflation and economic slowdown.

◦ The agreement on tariffs between the U.S. and the U.K. and progress in U.S.-China trade negotiations have reduced the impact of global trade friction on the market.

◦ Certain states in the U.S. (such as Texas and Arizona) have passed legislation supporting the development of cryptocurrencies, and the Trump administration has signaled a policy to include BTC as a strategic reserve asset.

2. Institutional Funds Continue to Flow In

◦ The net inflow of Bitcoin spot ETFs has expanded, with leading products like BlackRock (IBIT) receiving funding increases for 16 consecutive days, accumulating over $4 billion in inflows in the past three weeks.

◦ Public companies like MicroStrategy are continuously financing to purchase BTC, while traditional institutions like Blackstone are expanding exposure through mining investments.

3. Technical Aspects and Market Sentiment Resonance

◦ After BTC broke through the key resistance level of $100,000, it triggered short-seller stop-loss orders, and technical indicators (RSI 77, MACD golden cross) show strong upward momentum in the short term.

◦ The Fear and Greed Index has risen to 73, with a surge in discussions about Bitcoin on social media, showing a “broad rise” in funding rather than a vampire effect from altcoins.