According to the latest market data, the price of Bitcoin broke through the $124,000 mark on August 14, setting a new historical record. On that day, Bitcoin rose by 0.60%, and the market trend showed a strong upward momentum, with long positions dominating.

The driving factors behind the recent rise in Bitcoin prices have sparked widespread discussion in the market. Some believe this may stem from institutional investors continuously increasing their holdings and the spread of panic buying sentiment, while others point out that the innovative development of the cryptocurrency ecosystem has injected new momentum.

However, along with the price reaching new highs, the market also faces many uncertainties. The high volatility of Bitcoin remains a characteristic that cannot be ignored, while the uncertainty of regulatory policies and potential market selling pressure risks are also brewing in the background. Therefore, despite the current enthusiastic market atmosphere, investors still need to remain vigilant and carefully assess risks.

As Bitcoin once again reaches historical highs, its subsequent trend will become the focus of the market. While investors enjoy the gains brought by the bull market, they also need to keep a close eye on market movements and be prepared for potential extreme volatility.