The surge this year and last year's surge are simply two extremes. Last year, the FOMO (Fear of Missing Out) sentiment was high, everyone was flaunting their 100k Bitcoin trades, and everyone was shouting about spring and miracles. In contrast, this year's surge has been surprisingly calm, and even many veterans don't know why it's happening. But Bitcoin has indeed climbed back to 100k, leaving short sellers with nothing, and there wasn't even a bit of resistance. I mentioned early on that Bitcoin was highly controlled when it was in the 70k-80k range. The divergence between volume and price back then was actually a sign that the main players were laying the groundwork for future surges. Looking back today, I must say that the behavior of the main players in this wave of operations has left many people with mixed feelings.