Bitcoin surges strongly, breaking above $78,000 intraday. In the past 24 hours, it has risen more than 9%, hitting a recent high. Ethereum also climbs above $2,400, $SOL
breaking through $90. Overall market sentiment has clearly turned warmer
Behind the rally, shorts have been hit by large-scale liquidations. In the past 24 hours, the total liquidation amount across the market exceeded $800 million, including approximately $670 million from short positions, accounting for nearly four-fifths
$BTC 、$ETH
becoming the main sources of liquidations, further pushing prices upward in a squeeze-driven move
On the capital side, U.S. spot Bitcoin ETFs continue to attract inflows, with a daily net inflow of more than $500 million, and institutional funds are accelerating their re-entry; Ethereum ETFs also record inflows, indicating improved market confidence, and the total crypto market capitalization has returned above $2.5 trillion
At the macro level, the U.S. Treasury has expanded the size of long-term Treasury bill repos, which the market interprets as a “mini QE” signal. Long-end U.S. Treasury yields have fallen and the dollar faces pressure, providing support for gains in risk assets. Meanwhile, Trump’s push to advance the CLARITY Act has also increased expectations that the U.S. crypto regulatory environment will improve
However, the current upswing still shows a clear short-covering/squeeze character. As short positions decline rapidly, whether the subsequent trend can continue to break higher will depend on whether spot funds can keep stepping in @波段能手夏夏 #比特币日内触及75500美元
breaking through $90. Overall market sentiment has clearly turned warmer
Behind the rally, shorts have been hit by large-scale liquidations. In the past 24 hours, the total liquidation amount across the market exceeded $800 million, including approximately $670 million from short positions, accounting for nearly four-fifths
$BTC 、$ETH
becoming the main sources of liquidations, further pushing prices upward in a squeeze-driven move
On the capital side, U.S. spot Bitcoin ETFs continue to attract inflows, with a daily net inflow of more than $500 million, and institutional funds are accelerating their re-entry; Ethereum ETFs also record inflows, indicating improved market confidence, and the total crypto market capitalization has returned above $2.5 trillion
At the macro level, the U.S. Treasury has expanded the size of long-term Treasury bill repos, which the market interprets as a “mini QE” signal. Long-end U.S. Treasury yields have fallen and the dollar faces pressure, providing support for gains in risk assets. Meanwhile, Trump’s push to advance the CLARITY Act has also increased expectations that the U.S. crypto regulatory environment will improve
However, the current upswing still shows a clear short-covering/squeeze character. As short positions decline rapidly, whether the subsequent trend can continue to break higher will depend on whether spot funds can keep stepping in @波段能手夏夏 #比特币日内触及75500美元