As of the end of May 2025, Bitcoin (BTC) has successfully surpassed the $100,000 mark, becoming the focus of market attention. Benefiting from steady inflows of funds into U.S. spot ETFs, gradually clearer regulatory policies, and a global increase in inflation resistance and safe-haven demand, the institutional adoption rate of Bitcoin continues to rise. Additionally, with the halving effect in 2024 gradually taking shape, selling pressure from miners decreases, leading to further contraction in supply. Technically, if it can firmly hold above $105,000, it is expected to open a new round of bullish trends.