Last night's market was full of ups and downs. Starting at 22:47, Bitcoin suddenly gained momentum, soaring from around $87,100 to reach $89,345 in just 20 minutes, a rise of 2.58%. The strength of this upward push was truly astonishing — not only did the price spike straight up, but large-volume trades appeared frequently on the order book, with consecutive big orders and rapid responses from high-frequency traders, clearly demonstrating the involvement of institutional players and their quick reactions.

Subsequently, the market continued to evolve. Between 22:47 and 23:07, capital kept flowing in, and BTC continued its upward surge from $89,471 to nearly $90,363, achieving approximately 1% gain again. Around 23:24, profit-taking emerged, causing the price to pull back to around $89,722 and stabilize, then entering a phase of high-range oscillation.

What caused such a market movement? There are several key factors. First, macroeconomic changes — recent signals from the US indicating rate cuts and monetary easing — directly lowered the opportunity cost of traditional investments. Once expectations formed, they stimulated bullish enthusiasm in the market, prompting institutions and retail investors to seek new asset allocation directions, naturally attracting a large influx of liquidity into the crypto market. Second, the reallocation of institutional funds and the advancement of large trades further strengthened the upward momentum, providing both expected support and capital backing for this wave of market activity.