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BTC continues to pump above $80,000, this is definitely a long positions trend. Below, I will summarize various news and policies related to BTC and analyze the reasons for its continuous pump.

        On the news front, it is about Trump's election as president and his promised policies after taking office. 1. The existing BTC held by the US government will not be sold, making the US a superpower in the cryptocurrency field. 2. Transforming the US electricity price to the lowest in the world to support BTC mining. 3. Replacing SEC Chairman Gary with someone who is more friendly towards cryptocurrencies. 4. The "21st Century Financial Innovation and Technology Act" is likely to be officially implemented after Trump takes office, aiming to establish a regulatory framework for the digital asset market in the US.
        
Interpret the relevant policies. 1. The US government holds 200,000 BTC and does not sell them. BTC will have one less thunderbolt and the possibility of a big dump will be greatly reduced. 2. With the increase in BTC computing power, the cost of mining will rise, and the corresponding cost of BTC will rise, so continuous pumping is natural. 3. After the chairman of the SEC was fired, the new appointee will reduce the suppression of cryptocurrency and may even support its development, which is Favourable Information for the crypto world. 4. Endorsement of relevant laws may usher in a new era where blockchain technology is widely used and the market capitalization of cryptocurrencies will rise. I believe that Trump will fulfill his promises. Currently, Trump has consolidated the three branches of power.


        BTC continues to pump, who is buying? 1. The US ETF has directly flowed in 25.8 billion US dollars, while dumping the situation of Grayscale. 2. MicroStrategy is still buying around 60,000, it seems to have Holdings of more than 200,000 BTC, and BlackRock has more than 400,000 BTC. 3. Other institutions and Large Investors, in fact, after August 5th, the BTC in the exchange has been decreasing, indicating that some people are buying BTC and storing it on-chain. 4. After the BTC Halving, the Computing Power has been continuously increasing, Miners are continuously optimistic about BTC, Mining costs rise, and the price pumps as a matter of course.
  
         BTC big dump? Who will sell? In the first half of the year, it experienced the dumping pressure from Germans, Mt. Gox, Miners, Grayscale, and early profit-taking, all of which were absorbed, maintaining a range of 50,000 to 70,000 and digesting turnover. So who is going to dump BTC in the current market? Unless it's the Market Maker dumping, the sky is the limit after reaching a new high. If the Market Maker doesn't dump, can retail investors get BTC dumped? Only when the Market Maker has made enough profit will they dump, so if you were a Market Maker, would you sell BTC at over 70,000? Therefore, it is normal for BTC to be above 80,000. Moreover, the current cost of BTC mining should be around 69,000.
       
So recently I noticed that BTC is trending upwards. No one is selling, but there are still people buying. With the current market data at 80,000, the market maker won't dump, and the market data won't go down. The market maker's profit is not enough, so BTC will continue to trend upwards, and hitting $100,000 is just a matter of time.