The US Dollar Index plummeted to 63.7 billion, causing funds to rush into the cryptocurrency market for hedging. Additionally, the US Bitcoin ETF absorbed a staggering 936 million US dollars in a single day, with institutional giants like BlackRock and Bitwise frantically accumulating assets, causing the market to be completely bought out.

This wave of policy and capital-driven momentum makes it hard for Bitcoin not to rise!

2. Technical breakout, bears suffer heavy losses

BTC just pierced 91,000 yesterday, and today it directly shot through the 94,000 resistance level with a large bullish candle, completely shattering the weekly descending channel!

Analyst Rekt Capital was correct — 'The longer the sideways movement, the more violent the breakout.'