Why is BTC skyrocketing?, literally it is a vertical rise, there is nothing gradual, after reviewing this phenomenon I realized that it is not due to external money coming in, but because many short positions were canceled and switched to long positions, this is known as a short squeeze 💦, when there is an unexpected price change, short sellers panic, and they join the opposite trend, all this creates a domino effect that makes the price rise as if there is no end, because there is no resistance and allows the bulls to take full control, similarly, this affects other cryptocurrencies due to the mirror effect, the detail is, when there are no more short positions to cancel, the party is over, there is no fire without fuel, and that is when the rebound comes, because this is not an organic rise, there is no money coming in to support, the only way to prevent a rebound is to add capital to BTC from outside, that will consolidate it$BTC