The Federal Reserve has expectations for interest rate cuts next year, and other central banks may also follow suit by increasing the money supply. Bitcoin has a high correlation with the global money supply; when the money supply increases in the market, it often drives up the price of Bitcoin. Recently, gold prices have reached new highs, which also reflects the demand for value-preserving assets from large funds. As an emerging value-preserving asset, Bitcoin is naturally gaining attention.

However, short-term risks cannot be ignored. Currently, within the price range of $70,000 to $75,000, there exists a long position leverage worth $42 billion.