I have mentioned before, don't always focus on stock gains and gold performance. Once the crypto market starts moving, a few days of gains can match their years of performance.

The events early this morning confirmed this judgment—BTC shot up to 98,000 and is now steady around 96,000. But the question is, how did this surge happen? Who sparked this fire?

The first reason is very clear: yesterday, the US CPI data was released, and inflation indicators fully met market expectations. The worst-case scenario did not occur, and the market took a sigh of relief. The expectation of rate cuts was reaffirmed. What does this mean? The possibility of the Federal Reserve cutting rates has increased, making the dollar cheaper, and large amounts of capital will inevitably seek new destinations—trading markets have become the best choice.

Don't underestimate this logic. BTC is no longer an asset that a few big players can manipulate. From a financial market perspective, the most direct positive factor is a rate cut in the US. As long as the rate cut expectation remains solid, capital will flow in continuously.

The second trigger is even more interesting: geopolitical risks suddenly intensify. Against the backdrop of increasing global uncertainty, funds are once again viewing Bitcoin as a hedge. Large buy orders flood in instantly, breaking through several key resistance levels.

The current issue is that market sentiment has been completely ignited. But I still want to say—staying calm is crucial.