Recently, the Bitcoin market has shown a strong rising trend, which is driven by multiple factors. Firstly, the Bitcoin reserves in exchanges have dropped to the lowest point in 8 years, indicating a decrease in retail investor holdings and a significant reduction in market sell pressure. This 'lightweight' state creates favorable conditions for price rise.

Secondly, institutional investors are actively entering the market. Several companies are buying Bitcoin on a large scale, with one single transaction reaching as high as $2.9 billion. The influx of Wall Street funds is driving the market to new highs.

In addition, nearly 30% of Bitcoin is used for staking and locking, further reducing the market supply. A decrease in supply will inevitably lead to a price rise, and this trend is quite similar to the market conditions before Bitcoin surged 100 times in 2017.

Currently, the market expects the next target price for Bitcoin to be $4100, after which it may rise to $4900.

For investors, those holding Bitcoin should remain patient and avoid being easily influenced by market fluctuations. Meanwhile, investors who have not yet entered the market should be cautious about chasing highs and may consider buying in batches during market corrections to reduce risk.

Overall, the current Bitcoin market is characterized by a decrease in circulation, an influx of institutional funds, and relatively low market sell pressure. These factors have collectively driven the rise in Bitcoin prices. However, investors should remain vigilant about market risks and view this wave of rising prices rationally.