#阿布扎比稳定币 Bitcoin 100k is a psychological barrier, at least that's the answer I derived from the VCs around me. They believe that after 100k, its attributes are more closely related to gold. I think the explosion of altcoins will also occur after 100k; the breakthrough of this psychological barrier will definitely bring in FOMO capital. The same goes for market makers, who will seek depth for easier liquidity exit targets in the future. Why did the altcoin frenzy occur in March 2024 and November 2024? Because Bitcoin broke through its historical high and also exceeded the psychological barrier that people had for two years, leading to a flourishing market. In contrast, this year, whether it’s liquidity or the outflow of funds from altcoins, it actually resembles a deep bear market. Therefore, the market not only needs to open the floodgates of liquidity, but also needs to break through the literal barriers, to give the market a boost of confidence. Confidence is more precious than gold.