The market is indeed not lacking in money. Even the cash in Buffett's hands is at a historical high. So the key is when this money will enter the market. Originally, everyone was worried about tariffs, but then tariffs were suspended, and money came in. Then everyone was worried about economic recession, and it turned out that the economy is still doing okay. Even though the Federal Reserve poured cold water on things, money still came in.

But it should be noted that although $BTC has risen well, the U.S. stock market, such as the S&P and NASDAQ, has not returned to the levels before the tariffs on February 25. So there are likely two scenarios:

1. The U.S. stock market can continue to rise, returning to levels before February 25, which will continue to drive BTC up.

2. The U.S. stock market cannot rise further, and the market remains worried about economic issues, leading to limited funds entering the market. In this case, will BTC rise independently?

I will share my personal opinion, which may not be correct. If the U.S. stock market cannot rise further, the upward momentum of BTC may also be limited. If the U.S. stock market faces systemic risks, then BTC may not be able to rise independently either.