SOSI

Bitcoin has returned to 74,000. This recent rally caught everyone off guard. When geopolitical tensions tighten, people remember "digital gold," funds flow into the crypto market, and prices get pumped up directly.
The softening U.S. regulatory stance, Thailand's stablecoin compliance rollout, plus Trump calling it "crypto capital" - both institutions and retail traders feel "it's locked in," so they're rushing to buy.
The price just broke through key resistance levels, a bunch of short sellers are forced to liquidate their positions to stop losses, equivalent to "shorts covering and flipping