Odaily News Presto Research analyst Min Jung pointed out that the rise was mainly driven by the accumulation of funds from companies such as Strategy, Metaplanet and Twenty One Capital, indicating that this round of bull market is driven more by institutional and long-term capital rather than retail speculation. OKX US CEO Roshan Robert believes that the rise of Bitcoin is the result of multiple factors such as corporate reserve strategies, a surge in ETF inflows, macroeconomic uncertainty, and favorable regulatory signals. Presto Research maintains its Bitcoin price target of $210,000 in 2025, which was released at the end of 2024. (The Block)