The reasons and risks for the rise of BTC

Factors for Increase:

1. Institutional funds entering the market: Institutions have increased their holdings by over $17 billion through spot ETFs, with capital inflows supporting coin prices.
2. Macroeconomic Drivers: Global economic uncertainty combined with inflationary pressures has led to declining returns on traditional investments. Bitcoin, due to its decentralized nature and fixed supply, is seen as a safe-haven asset, attracting capital inflows.
3. Regulatory expectations have improved: The regulatory environment in countries such as the United States is sending positive signals (such as Trump's statements supporting the crypto market). Although it has not fully met market expectations, it has boosted market confidence.

Potential Risks:

- Regulatory uncertainty: There are significant differences in the regulatory attitudes towards cryptocurrencies among countries, and some countries may implement stricter measures that could impact the market.