$BTC Bitcoin has been strengthening recently, with prices approaching historical peaks, driven by multiple positive factors: First, institutional investors are accelerating their entry, with asset management giants like BlackRock reaching record high Bitcoin holdings; secondly, after the fourth 'halving' completed in April, the supply of new coins has decreased, and historical cycles indicate that the price center will rise; combined with the warming expectations of approval for U.S. spot ETFs, on-chain data reflects a significant increase in accumulation by whale addresses. On the technical side, the weekly chart has broken through the critical resistance of $52,000, and the market greed index has reached a yearly high. While short-term volatility should be monitored, under the backdrop of increasing macroeconomic uncertainty, Bitcoin's attributes as 'digital gold' continue to highlight its medium to long-term allocation value.