$BTC Bitcoin price hits an all-time high, surpassing $118,000 per coin, with the total market capitalization approaching $3.7 trillion and dominance continuing to rise. For two consecutive days, Bitcoin spot ETFs attracted over $1 billion, with strong institutional buying and optimistic expectations for future market trends. Institutions like Bitwise predict it could reach $200,000 by year-end. Analysts point out that although we are in a bull market phase, the characteristics of a four-year cycle have not disappeared; if the market lacks new stimuli, a pullback may still be on the horizon.