$BTC broke through 120,000, and the market is completely boiling.
Behind this round of soaring prices are three main driving forces: continuous inflow of institutional funds, with BlackRock's ETF size reaching 84 billion;
The depreciation of the dollar is pushing funds to seek safe havens;
A shift in political winds brings favorable policies.
But beneath the revelry lies risk — 110,000 people liquidated within 24 hours, with 350 million dollars evaporated.
Leveraged trading is like walking a tightrope at high altitudes; one misstep can lead to a fall.
The key question now is: how far can this market rally go?
A year-end target of 150,000 is highly probable, but it will inevitably be accompanied by violent fluctuations.
Historical experience tells us that the market is often most dangerous when it is the craziest.
Smart money is doing two things: holding core positions steady while keeping some cash to wait for a correction.
Remember, making money in a bull market relies on courage, but truly holding onto profits is a real skill.
