It is necessary to clarify the misunderstanding regarding the rise in Bitcoin prices last night. This wave of pump was not triggered by so-called "market makers" or "Whale" investors, but rather the result of natural market trends. In fact, large investors had been dumping a lot in the days prior.

The first support level of $4100 and the second support level of $4240 that we predicted earlier have both been successfully held. According to previous analysis, the third attempt to break through is likely to set a new high. This situation is not something that can be dominated by individual whales or speculators.

The key is that, regardless of how large investors sell, there are institutional investors continuously buying. These institutional investors adopt a long-term strategic investment approach, which is fundamentally different from the short-term day trading profits sought by small investors and speculators.

Institutional investors are steadily advancing the development of the Bitcoin market with their long-term strategies. Their participation brings more stability and depth to the market, helping to reduce the impact of short-term speculation on the market. This trend indicates that Bitcoin is gradually becoming a more mature asset class.

Overall, last night's price rise reflects the natural development process of the market and is the result of multiple factors working together, rather than being controlled by a single force. For the future trend of the Bitcoin market, we need to pay more attention to long-term trends and fundamental factors, rather than over-interpreting short-term price fluctuations.