#以太坊创历史新高倒计时 As of August 14, 2025, the price of Bitcoin has exceeded **$124,000**, setting a new historical high, with a 24-hour increase of over 3%. This rise is mainly driven by the following factors:

1. **Regulatory Favor**: The Trump administration allows retirement funds to invest in cryptocurrencies, expanding the channels for institutional capital to enter the market;

2. **Institutional Accumulation**: Public companies continue to increase their holdings (such as MicroStrategy holding over 620,000 BTC), combined with the inflow of spot ETF funds, driving a surge in demand;

3. **Market Sentiment**: Short squeezes and technical breakthroughs (with $117,200 becoming support) triggered accelerated buying.

**Short-term Risks**: The RSI is approaching the overbought range, and the upcoming release of U.S. inflation data may trigger volatility and corrections.

> 💡 **Conclusion**: Under the dominance of bulls, Bitcoin has reached a new high, but caution is warranted regarding macro data and short-term adjustments caused by highly leveraged derivatives.