In May 2025, Bitcoin (BTC) broke through the $99,000 mark, setting a new historical high and shaking the global financial markets. This surge was driven by multiple favorable factors, including the U.S. approval of a Bitcoin spot ETF, continued accumulation by large institutions, and a surge in demand for safe-haven assets amid global inflation concerns. Market confidence in Bitcoin as 'digital gold' continues to grow, and crypto assets are rapidly entering the mainstream financial system. At the same time, this has attracted the attention of regulators, who are concerned about the bubble risks associated with rapid price increases. Investors need to be cautious of the potential pullback risks brought by market volatility while chasing the rally.