Recently, an analyst mentioned that the recent surge in Bitcoin was mainly driven by short sellers covering their positions, rather than new funds entering the market. It seems that the market's rhythm of ups and downs has caused many traders to readjust their trading plans. Based on current market data, BTC has actually decreased by about 1.35% within 24 hours, with the price at around 71.7K. This suggests that the sustainability of the previous rebound may not be that strong, and we should remain cautious of subsequent volatility. However, from the perspective of short covering, it at least indicates that there are still some bullish forces in the market, although their strength might not be as significant as expected.

BTC-1,22%
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