BTC broke above $78k on April 22, with the overall crypto market rising about 2.3%; analysts say the rally was driven by short squeeze and ETF capital inflows, with spot Bitcoin ETFs experiencing net inflows of approximately $1.8 billion for three consecutive weeks; regarding sentiment indicators, the fear and greed index rebounded from 8 in early April to 33, moving away from the "extreme fear" zone; K33 Research states that short-term momentum may continue upward, but a full bull market still requires more supporting conditions. (The Block)

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