On Monday, BTCUSD unexpectedly surged early in the morning, with many traders not even finishing their first cup of coffee before witnessing the price spike. As always, this veteran cryptocurrency then experienced significant volatility, wiping out all gains and even dropping back below the flat line.

The orange token once soared by 4%, reaching $107,000 — nearly approaching the historical high of $109,000, before cooling off and falling back below $103,000. This brief market movement sparked a lot of discussion and left many traders puzzled: "What just happened?"