In recent days, the price of Bitcoin has continued to rise, almost reaching a historical high. This phenomenon is puzzling, especially considering the current turmoil in the United States.

It is worth noting that the current trading volume and transaction amount have significantly decreased compared to when Bitcoin was at 60,000 to 70,000 USD. Some analysts believe that this surge may have been triggered by a short squeeze caused by bearish positions being closed.

It is common for bulls to release liquidation predictions in the market, but these predictions often lack practical reference value. Although the bulls may eventually face liquidation, the market may continue to rise for a period of time before that happens.

The persistence and intensity of this round of price increase are surprising. Market participants are closely watching to see how long this wave of increase can last and how strong the underlying driving forces are.

In this situation, investors need to remain vigilant, closely monitor market changes, and analyze various possibilities rationally, rather than blindly chasing after price increases or easily shorting.