$BTC Bitcoin above $80,000. The market has literally trampled over the shorts: a huge number of liquidations, a classic short squeeze. And this is exactly the moment when the movement is already fueling itself through the derivatives market.

But at the same time, it’s important to understand: behind this growth are not only liquidations but also inflows into ETFs, which continue to support the market. However, the paradox is that spot demand remains quite weak — meaning there aren’t as many physical buyers as one would like. And that’s why part of the market still doesn’t believe in a sustainable breakout upward.

Moreover, looking at expectations, for example, the probability of reaching $90,000 this month is estimated quite modestly. So, the market is growing, but there’s no confidence yet in the continuation of the trend.