#加密市场回调 According to analysts, Bitcoin may reach a historical high of $200,000 in the last quarter of 2025. This bold prediction is primarily based on the combined effects of three key factors: first, institutional investors are continuously increasing their allocation to Bitcoin, creating stable buying pressure; second, the Federal Reserve is expected to implement interest rate cuts in the future, which typically drives up the prices of risk assets; finally, the recent cleansing of leveraged funds in the market has laid the foundation for a healthy rise. The interplay of these multiple factors may drive Bitcoin prices to achieve significant growth within the next year and a half, reaching unprecedented price levels.