Bitcoin has successfully stabilized at 26,493,825,243, with an astonishing upward trend! What seems unexpected is, in fact, inevitable.~

This wave of increase is clearly driven by large capital (whales), and selling pressure is extremely weak — even when it surged to 95k, there was no massive selling pressure, as most retail investors who bought in early have already taken profits and exited.~

Looking at the futures market, short positions continue to be liquidated, but new short positions are still being piled up. If Bitcoin can maintain its stability, more short sellers are likely to be liquidated.

More importantly, the trapped positions around 95k are not in a hurry to cut losses, which undoubtedly tightens the market sentiment even further.