Recently, the Crypto Assets market has experienced a strong pump. The price of Bitcoin rose to $122,370, reaching a new high in nearly 8 months. At the same time, Ethereum also performed well, with the price touching $4,350, reaching its highest level since December 2021.

Behind this wave of rise, the interest of institutional investors is growing increasingly strong. According to statistics, there is currently a cumulative value of $113 billion worth of Bitcoin and $13 billion worth of Ethereum held by various investment tools in the market, indicating that the preference of large investors for Crypto Assets is continuously increasing.

However, accompanied by the dramatic fluctuations in prices, the market has also seen a large-scale liquidation phenomenon. According to CoinGlass, in the past 24 hours, a total of 120,873 people have experienced liquidation globally, with a total amount reaching $426 million, equivalent to approximately 3.1 billion yuan.

Analyst Rachael Lucas pointed out that the recent pump of Bitcoin is attributed to multiple factors, including the continuous influx of institutional funds, the launch of the U.S. spot ETF, and the shift in investor sentiment following the new tariffs imposed on imported gold bars. Against the backdrop of supply and policy risks facing gold, Bitcoin, as a borderless and tariff-free value storage tool, is gradually gaining favor among investors.

Industry insiders generally believe that the current positive macroeconomic environment will continue to support risk assets, including Crypto Assets. Some forecasts suggest that Bitcoin is expected to break its historical high price this month.

Although Bitcoin is hailed as "digital gold", investors should still be cautious about its high volatility and potential risks. As the Crypto Assets market continues to evolve, changes in the regulatory environment and technological advancements will continue to influence the future direction of this emerging asset class.