The most noteworthy thing about Bitcoin recently is that Bitcoin’s active supply has reached its lowest point in nearly 13 years, with active supply accounting for 29.7% of the total supply. This will affect prices as supply becomes scarce. Recently, everyone's view on Bitcoin is optimistic, and the market sentiment is upward. The most noteworthy point is that the Bitcoin spot ETF market is expected to reach US$100 billion, with traditional financial giants such as BlackRock, Fidelity and Invesco participating. The opinion is based on technical analysis, the results of the Argentine presidential election and the increase in the number of Bitcoin holders holding over the long term. Bitcoin’s uptrend is expected to remain strong and it may break above the overhead resistance zone and reach $38,000-40,000 in early December.