Deep Tide TechFlow news, on December 2, according to Jin Shi Data, (Economic Daily) article states that recently, the price of Bitcoin has continued to rise, once reaching $99,000 per coin, breaking the historical record. Yu Jianing, co-chairman of the Blockchain Special Committee of the China Communication Industry Association and honorary chairman of the Hong Kong Blockchain Association, stated that in the short term, Bitcoin may find new support or resistance levels amid fluctuations, while in the medium to long term, its price direction will depend on multiple factors such as global liquidity, economic outlook, and regulatory attitudes.
Yu Jianing analyzed that due to the relatively dispersed nature of cryptocurrency funds, the market is susceptible to manipulation by large amounts of capital, leading to 'dumping' or 'pumping' behaviors, which in turn trigger irrational actions from retail investors. The article mentions that the regulatory authorities in China have always maintained a clear stance, identifying cryptocurrency-related business activities as illegal financial activities, and have adopted a multi-dimensional approach to maintain strict regulation of cryptocurrencies, including cracking down on Bitcoin mining and cutting off the funding chains for cryptocurrency speculation.
"Overall, with the rising popularity of Bitcoin and the cryptocurrency market, new risks and uncertainties are also increasing. Investors should respond to the current market with a rational and cautious attitude, closely monitor regulatory dynamics and market changes, and avoid blindly following trends," reminded Zhao Wei, a senior researcher at the digital asset trading platform OKX Research Institute.

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