The raging bull market has already opened fire, are you still willing to be the unfeelingly harvested air force leeks? Hurry up and take a look!

Last night, Bitcoin broke through $113,800 and continued to rise to $117,400, driving the cryptocurrency market up. However, in the past 24 hours, a total of $1.13 billion was liquidated in the cryptocurrency perpetual contract market, with short positions liquidated exceeding $1 billion. Amidst the severe fluctuations, some became rich while others lost everything.

In this wave of increase, institutional fund inflow is the core driving force. Since July, the cumulative inflow of Bitcoin spot ETFs in the US has exceeded $50 billion, providing solid support for the price. Glassnode data shows that Bitcoin's realized market value increased by $4.4 billion, reflecting an increase in active investment in the market, not merely speculation.

Professional opinions vary. CryptoQuant analysts predict that Bitcoin could reach $130,900 (when MVRV reaches 2.75) based on the MVRV indicator. However, the profits of long-term holders exceeding 300% may trigger sell-offs, with the current profit rate at 215%, hiding risks. The founder of Milk Road optimistically predicts a target price of $150,000.

I believe that the short-term upward trend of Bitcoin is likely to continue, with institutional fund inflows and enhanced market confidence providing strong support. However, in the long term, the profit situation of long-term holders is like a 'time bomb', and the high volatility and uncertainty in the cryptocurrency market, as well as factors such as regulatory policies, may all affect prices.

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To speak frankly, there are many opportunities in a bull market, but it is also a survival of the fittest; surviving is the most important! Now is still a good time to pay attention to the top performers.