Bitcoin just broke through the $95K-$96K zone, hitting a fresh two-month peak around $96,240. The catalyst? Softer US inflation figures came through, which immediately took pressure off bond yields and sent risk assets flying. Traders who were betting on further downside got absolutely wrecked—over $500 million in short positions liquidated in a matter of hours. The broader altcoin sector followed suit, with Ether and Solana catching strong momentum as well. The market's definitely in risk-on mode right now, and that squeeze on shorts only amplified the upside move. Whether this holds or we see a pullback remains to be seen, but the conviction behind this rally is hard to ignore.