Bitcoin recent capital inflows continue to strengthen. Institutional players (including actions by well-known financial institution Morgan Stanley) are also positioning themselves. However, the options market is quite interesting — call option prices are already ridiculously high, and implied volatility reflects traders' extreme optimism. Various analysts and opinion leaders on crypto Twitter are all shouting "one-way upward," and the market sentiment has reached a critical point. Currently, BTC is at a key technical level, which can be described as a very typical "crypto remix" pattern — both upward and downward moves could be intense. The short-term market mentality has already been overstretched, and investors need to be cautious of profit-taking and sentiment reversal risks.