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生蚝哥Oyster
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BullishBTC breaks through $73,000! First time since June, with $2.75 billion in short liquidations sparking a squeeze-driven rally
Bitcoin has surged above $73,000, hitting a high since June. The previous day saw a massive short squeeze: $2.75 billion worth of BTC shorts were concentratedly liquidated, strongly accelerating this rapid climb.
But analysts generally warn that this upswing is not caused by short covering alone. ETF and spot buying demand are starting to pick up again. Combined with falling yields on long-dated U.S. Treasuries and the U.S. crypto regulatory framework becoming clearer, multiple fundamentals are jointly supporting this rebound.
STS Digital co-founder Gideon Hyams said that a short-squeeze rally can ignite a rise, but it’s not enough to singlehandedly sustain a large-scale trend. The underlying logic is that ETF inflows are returning, Treasury rates are declining, and regulatory clarity is improving. Going forward, the key is whether BTC can hold steadily above the range it has been trading in since June.
A Nansen analyst echoed that short liquidations are only an accelerator. Technical patterns have already improved, and real spot and ETF buying has begun to enter the market. As shorts are largely flushed out and leverage among longs keeps building, whether the $70,000 level can be defended hinges mainly on whether spot inflows can remain sustained.
CryptoQuant founder Ki Young Ju also flagged a key signal: since the all-time high in October 2025, for the first time, Bitcoin spot demand and perpetual contract demand have turned positive in tandem. While the current capital volume is still limited, if this state can be maintained for a month, it likely means the bear market has fully run its course and a new bull market is officially underway.
Market liquidity has also warmed up. Over the past 24 hours, trading volume jumped nearly 5x compared with last weekend’s annual low. Earlier, the market had been in an environment of low volatility and low turnover, so favorable news is likely to amplify price swings easily.
Bitcoin is currently quoted at about $73.3k.
The market treats $70,000 as an important support line:
✅ If it continues to hold, it could evolve into a trend-driven major行情；
⚠️ If it pulls back into the $69.0k–$69.7k range, it will most likely be only a normal retest and adjustment after the breakout.
#BTC突破$72000 #btc
Bitcoin has surged above $73,000, hitting a high since June. The previous day saw a massive short squeeze: $2.75 billion worth of BTC shorts were concentratedly liquidated, strongly accelerating this rapid climb.
But analysts generally warn that this upswing is not caused by short covering alone. ETF and spot buying demand are starting to pick up again. Combined with falling yields on long-dated U.S. Treasuries and the U.S. crypto regulatory framework becoming clearer, multiple fundamentals are jointly supporting this rebound.
STS Digital co-founder Gideon Hyams said that a short-squeeze rally can ignite a rise, but it’s not enough to singlehandedly sustain a large-scale trend. The underlying logic is that ETF inflows are returning, Treasury rates are declining, and regulatory clarity is improving. Going forward, the key is whether BTC can hold steadily above the range it has been trading in since June.
A Nansen analyst echoed that short liquidations are only an accelerator. Technical patterns have already improved, and real spot and ETF buying has begun to enter the market. As shorts are largely flushed out and leverage among longs keeps building, whether the $70,000 level can be defended hinges mainly on whether spot inflows can remain sustained.
CryptoQuant founder Ki Young Ju also flagged a key signal: since the all-time high in October 2025, for the first time, Bitcoin spot demand and perpetual contract demand have turned positive in tandem. While the current capital volume is still limited, if this state can be maintained for a month, it likely means the bear market has fully run its course and a new bull market is officially underway.
Market liquidity has also warmed up. Over the past 24 hours, trading volume jumped nearly 5x compared with last weekend’s annual low. Earlier, the market had been in an environment of low volatility and low turnover, so favorable news is likely to amplify price swings easily.
Bitcoin is currently quoted at about $73.3k.
The market treats $70,000 as an important support line:
✅ If it continues to hold, it could evolve into a trend-driven major行情；
⚠️ If it pulls back into the $69.0k–$69.7k range, it will most likely be only a normal retest and adjustment after the breakout.
#BTC突破$72000 #btc
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.