Looking back at last year's market performance, during last Christmas, Bitcoin reached a price level of $99,500. This level is significant in Bitcoin's history—just one step away from breaking the $100,000 mark. At that time, market sentiment shifted, institutional investors' deployment activities increased frequently, and on-chain data also reflected an increase in the activity of wallet addresses. Although it did not break through the round number at the end of the year, this price level itself already reflected the market's recognition of Bitcoin's long-term value.