With the Fed announcing a drop of 25 basis points, the price of Bitcoin quickly broke through the $117,000 mark, attracting widespread attention in the market. This decision, though anticipated within the industry, has opened a new chapter for the Crypto Assets market. As borrowing costs decrease and Liquidity improves, investors' expectations for Bitcoin to break the historical high of $124,000 are increasingly growing.

The market generally has a positive outlook on Bitcoin's future performance, believing that the macroeconomic environment is favorable for the growth of risk assets. However, amidst the optimism, there are also cautious voices. Some analysts warn that the selling behavior of institutional investors may put pressure on Bitcoin's price in the near term. According to analyst Darkfost's data, Galaxy Digital is gradually reducing its Bitcoin assets, transferring Bitcoin to private wallets and exchanges.

The selling behavior of these institutions has raised concerns in the market about potential downward pressure. Although retail investors and some institutional funds continue to flow in, supporting the rise of Bitcoin, profit-taking by large institutions may exacerbate market volatility. In the coming weeks, whether Bitcoin can break through these resistances and continue its upward trajectory will become the focal point of market attention.

Currently, the Bitcoin market presents a complex pattern of retail optimism and institutional caution. On one hand, the liquidity improvement brought by the drop in interest rates provides upward momentum for Bitcoin; on the other hand, the strategic adjustments of institutional investors also bring uncertainty to the market. Investors need to closely follow the changes in this supply and demand dynamic, as well as their potential impact on Bitcoin prices.

As the Crypto Assets market enters a new phase, Bitcoin's performance not only reflects the appeal of the digital asset itself but also serves as a barometer for the global economy and investor sentiment. In this market environment full of opportunities and challenges, investors need to remain vigilant, weigh risks and returns, and make informed investment decisions.