Returning to $70,000: Is Bitcoin's Violent Rebound a Trend Restart or a Bull Trap?
Bitcoin experienced a violent rebound from $60,000 to over $70,000 within 24 hours, erasing a recent 14% crash. However, the rally was not driven by strong spot buying but rather by a combination of macro market stabilization and forced short-covering amid extreme fear sentiment in derivatives markets. Key factors behind the earlier selloff included expectations of liquidity tightening due to Trump’s potential Fed appointment, pressure on miner profitability, and spillover from tech stock and metals volatility. Despite the sharp recovery, options traders are heavily hedging against a potential retest of the $50,000–$60,000 range by late February. Sustaining $70,000 depends on continued macro stability, reduced ETF outflows, and normalized derivatives sentiment. The rebound appears more of a mechanical squeeze than a conviction-driven reversal.
比推02/09 12:59