#BTC走势

Institutional Position Changes: Institutions like Riot Platforms have significantly increased their Bitcoin holdings recently, driving up the price of Bitcoin. Continuous purchases of Bitcoin by institutions such as MicroStrategy have strengthened market confidence, attracting more investors' attention and participation.

● Impact of Policy Expectations: Texas has proposed a strategic Bitcoin reserve bill, which, if passed, will bring a stronger "policy tailwind" to the Bitcoin market, enhancing market expectations and investor enthusiasm.

● Macroeconomic Impact: Changes in U.S. Treasury yields have a significant impact on Bitcoin. When Treasury yields rise and suppress stock market euphoria, Bitcoin continues to set records due to heightened speculative enthusiasm, as it is seen by some investors as a hedge against economic uncertainty and inflation risks.