#BTC再创新高 Do you think that the big pancake's breakthrough above 110,000 is the beginning of a new bull market? In reality, it is not; behind this lies the on-chain harvesting battle that the United States is waging to resolve its debt crisis. Before June 30, the U.S. needs to repay $6 trillion in debt, and the key now is to find someone to take it over. It's important to note that in the past, the main buyers of U.S. debt were central banks and large institutions, but the situation has changed— the risks of a collapse in U.S. debt have caused these main players to withdraw, not only refraining from purchasing but also accelerating their sales. With the main players absent, the U.S. has turned its attention to individual investors. But why would individuals buy? The only way is to create a false sense of 'profitability', so Bitcoin in the crypto circle is promoted to the forefront, rising continuously to break previous highs, enticing retail investors to enter with a false wealth effect. In simple terms, it is about letting retail investors help the Americans take over the U.S. debt.