🚨 BTC suddenly surges violently! From 74k to 78k, behind it is actually a “short squeeze”

Last night, driven by news stimuli, Bitcoin saw a rapid rebound. The price was pushed up continuously from $74k to $78k, with a clearly noticeable rise in a short period of time.

But on-chain and derivatives data show that this move up looks more like a typical short squeeze.

📊 Key Data

Only around 21:00, the market saw a short liquidation of approximately $357 million, concentrated at once. A large amount of short-selling funds were forcibly liquidated, driving the price to rise quickly.

🔎 Market Analysis

On-chain analyst Axel Adler Jr pointed out that the core driver of this rebound is not new capital entering the market, but:

Short positions being liquidated in succession
Passive buying pressure resulting from forced liquidations
Amplifying the speed of the upside movement in a short time

In other words, the price rise is mainly driven by short covering, not by new spot demand.

📉 Why this distinction matters

A short squeeze usually has two characteristics:

The upward speed is extremely fast
But if there’s no new capital to take over, the sustainability of the trend may be limited

Therefore, whether the market can continue to strengthen next still depends on whether real buying and spot demand keep up.

🌱 A message for investors

In the market,
a rise doesn’t necessarily mean a change in trend.

The real opportunity,
often comes from understanding the capital logic behind the move,
not just from watching the ups and downs of the price. 🚀📊