🚨 Bitcoin's sharp surge is not genuine buying? $526 million short positions being "squeezed out"

Latest data shows that during Bitcoin's rapid rise from $74,000 to $78,000, the market experienced a typical short squeeze.

📊 24-hour short liquidation amount: approximately $526 million
📊 Peak forced liquidation: approximately $357 million
📊 Liquidation time: around 21:00 (UTC+8)

Simply put:
When prices rise, a large amount of short positions are forced to close, and the system automatically buys back, further pushing up the price, creating a chain reaction of upward movement.

Crypto analyst Axel Adler Jr. pointed out:

This round of increase is not entirely driven by new buying demand, but more by short positions being passively closed.

💡 Why is this important?

Short squeeze can indeed rapidly push prices higher in a short period,
but if there is no sustained spot buying support, the market often enters a phase of oscillation or pullback.

In other words:

📈 Short squeeze = short-term momentum
📈 Genuine demand = long-term trend

What truly determines how far the market can go is always whether funds continue to flow into the spot market.

🌱 A message for all investors:

There are two types of market rises—
One is driven by capital,
The other is driven by emotional squeezing.

Understanding the reason for the rise is the key to not losing direction during the most wild market moments. 🚀