Recently, Bitcoin's performance is indeed worth paying attention to. Data shows that BTC has surged to around $97,000, with a daily increase of over 3%, a market cap surpassing $1.93 trillion, and a circulating supply of 19,976,200 coins. Behind this is not just a simple price increase.

The actions of institutions speak volumes. MSTR directly invested $1.25 billion to buy 13,627 BTC, at an average price of $91,519. Now they hold 687,410 coins, accounting for about 3.2% of the total network, with an unrealized profit of over 28%. This is no small feat. Meanwhile, Bitcoin spot ETFs are also active—daily net inflows of $844 million, with BlackRock's IBIT alone taking in $648 million. Funds are continuously flowing in.

On-chain data also tells the story. The number of whale addresses holding more than 100 coins has hit a new all-time high. What does this mean? Large holders are accumulating coins. But it’s important to stay sober—there’s still about 12% room before reaching previous highs, and within 24 hours, some traders chasing the high are getting liquidated.

Why can Bitcoin continue to attract capital? There are only 21 million coins in total, making it inherently scarce. The PoW mechanism ensures security, and the decentralized design makes manipulation nearly impossible. On a macro level, the Federal Reserve signals dovishness, and US crypto legislation is also progressing. Technological upgrades like the Lightning Network and Taproot make payment applications increasingly practical. In the long run, this logic still holds.

If you really want to participate, here are a few strategies to consider:

The first is dollar-cost averaging. Invest a little each week, not too much, and don’t be scared by fluctuations of a few dollars. Long-term players typically have an entry cost between $50,000 and $70,000.

The second is gradual deployment. Slowly add positions between $95,000 and $100,000. If the price accidentally drops below $90,000, buy a bit more. The key is not to go all-in at once—risk awareness is very important.

The third is knowing when to exit. Consider selling if it drops below $93,000, and reduce your position by about 30% when it reaches $105,000 to $110,000. Protecting your principal is the top priority.

Markets are always there, and opportunities are often present, but if you can’t protect your capital, everything else is meaningless.