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Bitcoin breaks through $92K into the $95K+ range, and there are specific driving forces behind this surge. ETF continued absorption, institutional funds entering the market, and Fed expectations releasing liquidity—all of these are not coincidences. The macro environment is shifting towards increased risk appetite, and the 2026 market cycle is just beginning. Based on the current market structure and capital flow, we may be entering a new super cycle for Bitcoin. This is not hype, but a conclusion supported by fundamentals. Hold your positions and wait for greater opportunities.