Raphael Polansky, Chief Growth Officer at Bitmex, shared an intriguing observation on social media platform X: for nearly half a year, Bitcoin's trading price has remained relatively stable within a 25% volatility range. This period witnessed turbulent movements in global financial markets, including ongoing concerns over the US economy potentially entering a recession, President Trump's public endorsement of cryptocurrencies, the Japanese central bank's announcement of interest rate hikes, and healthy inflows of funds into exchange-traded funds (ETFs). These factors collectively drove a sharp rise in Bitcoin's implied volatility, indicating an increase in market uncertainty about future price fluctuations. Yet, despite this market environment, Bitcoin's price surprisingly maintained relative stability, hovering around $60,000 since July. This phenomenon prompts the industry to delve into Bitcoin as a safe haven asset and the underlying mechanisms supporting its price.