Wu Shuo learned that, according to CryptoQuant community analyst Maartunn's analysis, Bitcoin has recently risen about 7%, from $68,000 to $73,500, mainly driven by institutional demand. He stated that Coinbase premium once rose to $61, indicating strong US institutional buying; he also warned of risks, noting that leverage in the derivatives market is rapidly increasing, with new leveraged positions in Bitcoin and Ethereum totaling approximately $3.55 billion (+18%) and $1.8 billion (+17%) respectively; if subsequent spot buying weakens, over-leveraged positions could be liquidated en masse, amplifying market volatility.