#BTC资金流动性 Bitcoin market movements have reached this point, and it depends on whether several key indicators can stay stable. Liquidity is one aspect, but the more crucial factor is whether the fundamentals have truly improved—on-chain data, active addresses, large transfer frequency, and so on—all need to be considered comprehensively.

Market sentiment can be easily swayed by short-term fluctuations, but the key is whether the fundamentals can support the current price level. Whether this round of gains can be maintained and whether the upward trend can continue largely depends on whether there is genuine demand driving it, rather than purely stacking capital. At this stage, it is especially important to be alert to a serious disconnect between fundamentals and price, as such a gap can lead to a quick correction.