HashKey Group announced that Bitcoin has surpassed $90,000 and still has room for growth in the future. The promise that "Bitcoin will become a reserve asset for the United States" is expected to be fulfilled. Once implemented, existing cryptocurrencies in the U.S. will not be sold in the market, significantly reducing potential downward pressure on the market. If Bitcoin becomes a reserve asset for the U.S., government purchases may occur, opening up new upward potential for the market. HashKey Group's Chief Analyst, Jeffrey Ding, stated that Bitcoin (BTC) continues to surge, reaching a historical high of $93,907 and a market cap of $1.8 trillion. This means that BTC has surpassed silver, becoming the eighth largest asset globally based on market cap. This momentum indicates that interest in Bitcoin has officially reached a level of significance similar to other mainstream assets. HashKey Group believes that the expectation of interest rate cuts has been lowered, but the impact is relatively short-term and the market may soon complete pricing in the adjusted expectation. The U.S. economy is facing a soft landing, and the trend of core corporate profit growth has not changed in the medium to long term. The recent "Trump rally" has driven Bitcoin's increase by nearly 30%, causing some investors to sell off their holdings due to the sharp short-term rise. On-chain monitoring shows that more than 20,000 BTC have flowed out of centralized exchanges this week, indicating that the size of the sell-off is less than the scale of new investors buying in. As of the 16th, on-chain data shows that the average short-term investor profit is still at a high of 26%, indicating that there is still significant selling pressure in the market. Once the flow of funds slows down, the short-term price may decline. However, more than 20,000 BTC have flowed out of exchanges this week. There is a significant difference in sentiment between bulls and bears, which is also a major reason for the recent volatile market. Going forward, it is important to monitor whether there will be a significant adjustment in interest rates in December and if there will be a major correction in the U.S. stock market.