Bitcoin touched a phase high, with significant short-term volatility. On Monday, against a backdrop of macro uncertainty, the market rallied sharply, with prices surging from around $72,400 to above $74,300, expanding short-cycle amplitude and triggering passive liquidations of some short positions.
The essence of this move is structural short squeezing: as prices rise rapidly, shorts covering further pushes the rally, creating short-term acceleration, followed by high-level pullbacks and oscillation, though the day still closed higher.
On the external front, macro uncertainty has recently inc
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