$AKE Air force, don’t come in. Recently we can’t make a profit, and it will still skyrocket.

A large number of leveraged short positions get liquidated for insufficient margin; the exchange automatically uses market orders to buy and close the shorts (shorts must buy to exit);
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A massive amount of forced buy pressure pushes the price up. The faster the price rises, the more short positions get liquidated, and the more passive buyers enter;
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Loop amplification: the more it rises and liquidations happen, the more liquidations there are; the more liquidations, the more sharply it rises. In just a few minutes, it can pull out a violent bullish candle of 10%~30%.

Historical cases

Bitcoin has repeatedly surged by several thousand dollars from low levels. The key driver is large-scale liquidation of short orders worth tens of billions across the entire network. No huge positive catalyst is needed—just crowded shorts closing positions is enough to create a blow-off rally.