Although today has seen a good rise, the work is not easy to write. Before the US stock market opened today, $BTC had a slight rebound, and after the financial report of $CRCL was released and the US stock market opened, Bitcoin skyrocketed as if it had taken medicine, rising more than 8% at its peak, while CRCL jumped nearly 35%. Many friends said that today’s BTC rise was driven by CRCL; I am not very sure about this, but the movements of BTC and CRCL are indeed very close.

If it really is due to CRCL, then this BTC rise may just be a rebound; after all, CRCL's financial report was good, but it did not change the status of cryptocurrencies and the overall market liquidity. It could be a bottom-fishing driven by sentiment, as today’s data also indicates that this price is quite attractive to investors.

Moreover, I truly did not expect that a financial report could lead to a 35% rise in CRCL and nearly an 8% rise in Bitcoin. I hope this sentiment-driven momentum can be sustained for a while longer.

Looking back at Bitcoin's data, the trading volume is rising, and the turnover rate is declining, which is good data, indicating that in the process of rising, short-term investors are not so stubbornly selling, and there is still a portion of recent buyers ready to hold $BTC. Additionally, earlier investors have not shown signs of panic selling, all of which are quite good data.

The chip structure is also very healthy. Today’s data focused on the chip structure; even a month ago when BTC's price was $90,000, the chip structure was similar to now, and the stability of profitable and loss-making investors is getting stronger.

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