Tickmill Group's analyst Patrick Munnelly recently reported that Bitcoin has soared to an all-time high, driven by institutional investors and support policies from Trump. He mentioned that institutional investors are continuously buying and hoarding the circulating coins in the market, leading to increasingly tight liquidity on trading platforms.

Interestingly, Trump has also ordered the establishment of a "Bitcoin Strategic Reserve"; when this news broke, market confidence instantly surged. Meanwhile, the U.S. Senate passed a stablecoin regulatory bill last month, injecting more institutional support into this market.

In my view, the continued entry of institutions indeed gives Bitcoin more confidence, and the support from policies also reduces some uncertainty in the market. Overall, this surge seems less like a fleeting moment and more like it is paving the way for a long-term bull market. However, we still need to closely monitor policy trends, as they can influence the rhythm of the next market movements.#BTC再创新高