Amid a historic, epic “short squeeze” blow-off行情, from the 19th to now the total short liquidations have exceeded 4.3 billion, and BTC has surged to nearly the 80,000 threshold in one go. Short liquidations combined with a sudden favorable catalyst are the main reasons behind this explosive rally. However, net inflows into ETFs for the week were 1.92 billion, second only to the week of last year’s bull top. Meanwhile, “u” saw a net increase of 1.6 billion over the past 4 days—funds are truly entering the market, buying and buying.

Besides capital returning, after this round of rally, the bottom structure has become even clearer. The bottom head-and-shoulders bottom and the W-shaped double bottom show a distinct long-duration accumulation area; 70% of on-chain indicators have triggered the bottoming signal. A breakout large bullish candle with volume pierces the descending channel, quickly moving out of the basing zone. In many dimensions, it aligns with a bottom.