Reasons for today's surge: Trump's statement "U.S.-Iran talks nearing completion" + large-scale short covering ($444 million short positions liquidated)

The rebound is technically a "short squeeze," not driven by institutional funds. ETF outflows last week still totaled $1.72 billion, with holdings continuing to decline
Optimistic signals: BTC back above $63,000, ETH surging 8% leading the gains, sentiment at "extreme fear" (8) forming a bottom divergence with price rebound
Cautious signals: ETF outflows continue (last week $1.72 billion), Coinbase premium still negative, geopolitical conflicts persist (Israel has bombed Iran)
Key observation points: Can BTC hold above $62,500; can ETH break through $1,700; when will ETF funds turn positive
This week's variables: Senate review of the CLARITY Act, developments in U.S.-Iran situation, ETF capital flow
Operational suggestions: The current rebound is driven by short covering, sustainability remains to be verified. Caution is advised against chasing highs; monitor whether $63,000 can be stabilized. If BTC holds above $62,500 and ETF outflows slow, it can be seen as a short-term bottom signal; otherwise, if conflicts escalate, beware of a second bottom risk