The Bitcoin market experienced a strong pump at the beginning of October, breaking through the $123,000 mark on the 3rd, setting a recent high. This rise has continued for five days, only a few hundred dollars away from the ATH of $124,480 set in August.

The cryptocurrency market performed remarkably well, with the total market capitalization soaring to $4.17 trillion on October 2, marking a daily rise of 4.2%. Market participants generally believe that this signifies the official start of the 'October pump season', with investor sentiment running high.

It is worth noting that large financial institutions are also starting to take a more optimistic view on Bitcoin. JPMorgan recently raised its year-end target price for Bitcoin from the previous $126,000 to $165,000, indicating that institutional investors' confidence in the cryptocurrency market is strengthening.

However, in the face of such a rapid rise, investors must remain rational. Although the price of Bitcoin may continue to rise in the short term, market volatility remains significant. For ordinary investors, excessive focus on short-term price fluctuations may impair judgment, so it is advised to view the investment value of Bitcoin from a long-term perspective.

As the cryptocurrency market continues to mature, more and more people are beginning to consider the role of Bitcoin in personal financial planning. However, viewing Bitcoin as a tool for quick wealth or early retirement may be overly optimistic. Investors should allocate their assets reasonably based on their risk tolerance and financial goals, rather than pinning all their hopes on the price rise of a single asset.

Overall, the recent rise of Bitcoin has once again attracted widespread attention in the market. Whether for institutional or individual investors, it is essential to find a balance between enthusiasm and caution, and to view the development prospects of the cryptocurrency market rationally.