Bitcoin has recently hit a new high, now approaching $82,000.

I just looked at the market, and there are a few signals behind this rally worth paying attention to.

First, the support from institutional buying is indeed very strong.
Last week, global crypto funds saw a net inflow of over $1.4 billion, with Bitcoin absorbing $1.12 billion of that, which is rare for this year's market performance.
Additionally, on-chain data shows that short-term holders have already realized significant profits, which actually reduces the risk of a large-scale liquidation during a market reversal.
A survey in Japan also indicates that 65% of institutions have already included Bitcoin in their asset allocations, showing increasing institutional acceptance.

On the technical side, if Bitcoin can hold steadily above $80k and even break through higher, it could trigger a short squeeze.
Once this price level is established, the long-term funding rate convergence period could officially turn into a short squeeze, making the rally even more aggressive.
Conversely, if the price drops below $75,000, the expectation of a short squeeze may need to be reassessed.

The key now is whether this rally can continue.
Geopolitical uncertainties still exist, but market sentiment has clearly turned optimistic.
Personally, I think the focus should be on the $80k threshold—once broken, the power of a short squeeze should gradually become evident.