Bitcoin (BTC) has once again become a focal asset in this market rebound, with its performance not only boosting the overall sentiment of the cryptocurrency market but also reflecting investors' renewed trust in its hedging and anti-inflation capabilities. There are several main reasons behind this surge: first, the launch of Bitcoin spot ETFs in the United States has made it easier for mainstream capital to enter the market, enhancing market liquidity; secondly, the block reward halving event has tightened supply, which historically has usually led to upward price pressure; furthermore, global economic instability and geopolitical tensions have made Bitcoin's role as 'digital gold' even clearer. Although there will still be volatility in the short term, looking at the long-term trend, Bitcoin is steadily moving towards a more mature and institutionalized asset status.