In the past week, several major macro events that the market has been focusing on—U.S. employment data, adjustments to tariffs on China, the "Big and Beautiful Act," etc.—have not shown any unexpected changes. Therefore, the price of Bitcoin has not been significantly impacted and continues to maintain high-level fluctuations.

Although the market appears calm, a key change is occurring—capital that has been dormant for over a month is starting to become active. If this trend continues, it could resonate with newly added off-market funds, driving Bitcoin to initiate the fourth wave of this bull market's rise. $BTC