As the US presidential election has entered a white-hot stage recently, major events in the international financial market have fueled the trend. In addition, the attack on Trump has also pushed up the market's valuation expectations for various categories of Bitcoin spot trading and Bitcoin spot ETFs. The high volatility of the market itself has also amplified the impact of these external events. Compared with traditional financial markets, the liquidity of the Bitcoin market is relatively low, and market sentiment is easily affected by news events and market dynamics. This means that when the market faces major news or economic data releases, Bitcoin's price fluctuations may be more drastic than traditional assets.