Bitcoin rebounds to $74,000. This sudden rally caught everyone off guard. When geopolitical tensions spike, everyone remembers "digital gold," and capital floods into the crypto market, pushing prices right up.

U.S. regulatory stance has softened, Thailand's stablecoin compliance landed, plus Trump calling for "crypto capital" – institutions and retail traders all think "it's locked in," rushing to buy.

Price just broke through key levels, a bunch of short traders got forced to cut losses and liquidate positions, essentially "flipping from short to long," buy orders suddenly multiply, and the market gets pulled up directly.

Right after market open with limited liquidity, even a modest buy order can push prices significantly higher, making it look like a "sudden pump."

Everyone knows Bitcoin supply will decrease after the halving, many holders accumulated early, and long-term capital is also positioning on dips, providing support for the uptrend.