Wow! Bitcoin breaking 110,000 and hitting a new high is simply the 'coronation ceremony' of the Crypto circle! 🎉 Little Fat stayed up all night scouring the internet and found that this wave of increase is like 'an institutional version of a murder mystery', the truth is far more stimulating than it appears—

🔥【Core Logic of Breaking Levels: Wall Street's 'Open Conspiracy' and 'Hidden Conspiracy'】🔥

1. Stablecoin legislation: Gives institutions the green light

The US Senate just passed the (GENIUS Stablecoin Act), requiring stablecoins to have 100% reserves, which is equivalent to giving Wall Street a 'legal ticket to enter'! 🚪💸 Previously, institutions were hesitant to buy heavily due to compliance concerns, but now, after the act is implemented, it is expected that billions will flood into the market through stablecoins. JPMorgan has directly stated: Bitcoin will 'snatch gold's bowl' in the second half of the year! 💥

2. Institutions are hoarding: Left hand spot, right hand leverage

- MicroStrategy has hoarded 570,000 BTC (worth 63 billion USD) and has launched a '42/42 plan' to raise 84 billion to buy coins, a living 'Bitcoin faith perpetual motion machine' 🤖

- Asset management giants like BlackRock and Vanguard are quietly increasing their positions; BlackRock even launched structured Bitcoin products that allow high-net-worth clients to mortgage loans to buy coins (this operation is amazing!)

- Spot ETFs attracted 1.5 billion in a single week, with total scale breaking 129 billion, accounting for 6% of Bitcoin's market value! Institutions are treating Bitcoin as 'digital gold'. 💎

3. Macroeconomic hedge: 'Hedge tool' under the US dollar credit crisis

Fed interest rate cut expectations + US dollar index down 9%, institutions panicked: 'If gold can't keep up with Bitcoin, then can it even resist inflation?' 📉💵 Thus, funds began to flow from gold ETFs (outflow of 12 billion) to Bitcoin ETFs (inflow of 24 billion), this 'abandon gold for coins' operation directly pushed Bitcoin's market value to the fifth in the world! 🤑

😏【Wall Street's 'Clear Signals' and 'Hidden Signals'】😏

- Clear signal: Institutions have set a '200,000 target price'

JPMorgan and Standard Chartered predict it will break 200,000 by the end of the year, and Bernstein even boldly states 'Bitcoin will replace gold in the next decade'! 🤯 Retail investors see institutions being so aggressive, they all rush to leverage, resulting in 120,000 liquidations worth 450 million within 24 hours, with short positions accounting for 57%—institutions are really smooth in this 'pump and dump' play! 😎

- Hidden signal: Shorting Bitcoin using Strategy stocks

Wall Street short-seller Chanos is shorting Strategy stocks while buying Bitcoin, reasoning that 'MSTR's stock price is overvalued, equivalent to buying 2.5 dollars of Bitcoin for 1 dollar.' This operation is like 'selling a spear with one hand and a shield with the other'; no matter if Bitcoin rises or falls, he can profit! 😏 However, institutional holdings data show that hedge funds like Citadel are still frantically buying MSTR, this long-short battle is even more thrilling than a movie! 🎬

⚠️【Hidden 'Time Bomb'】⚠️

- Liquidity trap: The top 5% of addresses control 80% of Bitcoin; one day, if whales collectively sell off, it could trigger a stampede in minutes! 🐋💥

- Quantum computing threat: Google's 72-qubit computer can crack encryption algorithms; if Satoshi Nakamoto's early address suddenly 'revives' a million bitcoins, the market might shake three times! ⚡

- Regulatory double-edged sword: US stablecoin legislation passed, but Europe is tightening regulation, and China continues to crack down on mining—policy risks still exist! 🌪️

Little Fat believes that this wave of increase is essentially institutions using regulatory compliance as a guise to carry out asset allocation. Bitcoin is transitioning from a 'geek toy' to a 'new financial tool' on Wall Street, but if retail investors blindly chase highs and leverage, they may very well become 'food on the table' for institutions. Remember: A bull market is the fastest way for retail investors to lose money! 💸

Lastly, here's a picture for you, interpret it yourself 😂:

(I won't say this is drawn by Little Fat myself!)

Remember to like and follow, your likes and follows are Little Fat's motivation to keep updating! 😘#比特币突破11万美元 #BTC再创新高