Short squeezes consume shorts, while main uptrends consume the skeptics.

Looking back at history, short squeeze rallies often come quickly and leave just as fast, leaving the market with a sense of "didn't see it coming"; whereas main uptrend rallies truly consume funds that constantly doubt and constantly miss opportunities.

Currently in the market, shorts have not been completely squeezed out. Instead, there is more wait-and-see capital. This means the main resistance to price increases is not selling pressure, but rather confidence.

Continued ETF inflows and stable on-chain chips are gradually eroding this skepticism. But as long as the market is still debating "is this a bull trap?" or "will it pull back immediately?", the trend has not reached an extreme stage.

Therefore, rather than getting caught up in whether this is a short squeeze or a main uptrend, it's better to ask a different question: if BTC were to consolidate at a higher level for some time, would your current position make you regret it?

The market's answer often lies hidden in this question.

#我的2026第一条帖