The first reason for this sudden surge is technical: the market experienced a violent short squeeze. After several days of uncertainty where sellers (bears) were betting on a continuation of the decline, the brutal reversal of Bitcoin<\/a><\/strong> caught everyone off guard. Within a few hours, more than $320 million in short positions<\/strong> were liquidated across major exchange platforms.<\/p>\n\n\n\n This cascading liquidation phenomenon forced traders to urgently buy back their positions, creating artificial but powerful buying pressure. Bitcoin<\/a>, which was struggling to maintain its level, thus shattered the resistance at $65,000 to test the $68,000 zone<\/strong>. This movement confirms that the underlying sentiment remains resolutely bullish despite recent corrections.<\/p>\n\n\n\n Moreover, on-chain data shows renewed institutional interest. Spot Bitcoin ETFs<\/strong> continue to record net inflows, signaling that “smart money” is taking advantage of every dip to accumulate. As long as BTC maintains above its key support, the market structure favors a resumption of the bullish trend toward $70,000<\/strong>.<\/p>\n\n\n\n