$BTC After hitting an all-time high, it reaches a new high again, entirely driven by capital influx.

The 4-hour and daily trend shows an increase in volume; the 111,000 short positions couldn't be closed in time and were directly pushed up to 117,500 due to the influx of buying liquidity. Even the strongest bears can't withstand such a rise. Within 12 hours, the main shorts exploded. Personally, I'm a bit confused about this rise... I didn't expect it to be so strong, especially in the absence of any favorable news in the market.

Are we now starting to speculate on the interest rate cuts in September? Perhaps the key level of 120,000 could be reached this month. Short positions can only be for the short term.