The price of Bitcoin has been in a sideways consolidation recently, overall within a narrow range. Although ETF funds have been continuously flowing in, and corporate treasuries are steadily increasing their holdings, market liquidity is not tight, but the price has not been able to break through significantly. I have noticed a key change: the volatility structure of Bitcoin is evolving, with actual volatility dropping to multi-year lows, and the weekly implied volatility is only around 30%. This low volatility indicates that the market is becoming increasingly rational, while also lowering the entry threshold for institutional funds. As more medium to long-term capital gradually enters the market, I believe the upward momentum is strengthening. The current 'low volatility' consolidation period may be coming to an end, and Bitcoin is trying to break through key trend line resistance, potentially starting a new round of upward movement.