Today, the US released June inflation data. The numbers came in below expectations, indicating that inflation is cooling. The market immediately interpreted this as the Fed possibly cutting rates earlier, and as soon as investors saw the signal, funds rushed into BTC.

Then there was also a short squeeze: too many people had been shorting. As the price surged upward, those traders were forced to close their positions, and the closing action in turn pushed the price higher further, creating a chain reaction.
Now there’s one thing to consider:
This rally has real bullish catalysts behind it, not just sentiment—so you need to reassess the direction again #BTC $BTC