#BTC重返10万 Bitcoin's recent surge is just ridiculous! It directly 'wrapped dumplings' for all the shorts below 101400, and the short positions were completely wiped out in this wave of market movement. Now above 103000, there are basically no large-scale short armies to be seen.

Originally, everyone thought Bitcoin would rise, but who could have imagined it would directly launch like a 'rocket'? The key is that there hasn't been any explosive good news recently, and this sharp rise has honestly left everyone dumbfounded.

Why did it suddenly spike? To put it simply, there are two reasons:

First, the shorts shot themselves in the foot. The higher the price goes, the more these bearish people get carried away, frantically increasing their short positions. As a result, the more they add, the greater the risk of liquidation, and in the end, they can only be forced to buy coins at high prices to close their positions, effectively pushing the price up.

Second, the bulls are too timid. Except for showing some courage around 92800, at other times they behave like startled rabbits, afraid to chase the highs. The market is like a tug of war, one side is frantically exerting effort (the shorts passively pushing the price up), while the other side is just slacking off (the bulls are afraid to enter), which is why it has risen all the way up.