This afternoon's rapid rally is driven by a short-term short squeeze fueled by macro, capital, and technical resonances!

On the macro level, the Middle East geopolitical tensions ease, global risk appetite warms, US stock futures rally in tandem, and inflation concerns cool down, providing a favorable environment for risk assets. Capital is the core driver; short-term short positions are being liquidated en masse, triggering passive buy orders, combined with continuous net inflows into spot ETFs, significantly supported by institutional funds, where a small amount of buying can leverage prices higher. From a technical perspective, Bitcoin stabilizes above a key psychological level, breaking out of the consolidation range activates bullish confidence, coupled with a surge in call option open interest, triggering follow-on buying and amplifying the rally. Short-term upward momentum is sufficient, but caution is needed against profit-taking at high levels, and attention should be paid to key support and resistance levels to control the swing rhythm. $GT $BTC $SOL #WCTC交易王PK #美国寻求战略比特币储备