I just reviewed the charts, and it's interesting to see why cryptocurrencies are rising today in this way. Bitcoin jumped to $66.82K, Ethereum is approaching $2.06K, and XRP is around $1.31. After several days of intense panic, the market has completely reversed direction.

What happened is quite clear when you look at the numbers. Over $323 million in leveraged positions were liquidated in 24 hours. Most of these were shorts, so imagine: traders betting on a decline were forced to close as prices started to rise. This creates a cascade effect because cryptocurrencies are also climbing due to these forced buy-ins from short sellers.

But that's not all. Bitcoin spot ETFs brought in $257.7 million in net flows during the day. That’s real institutional money entering during extreme fear conditions. When you see that, you know there’s underlying structural demand in the market. Ethereum ETFs added $9.23 million, and XRP around $3.04 million. These flows explain why cryptocurrencies are rising more sustainably, not just from the squeeze impulse.

Regarding levels, Bitcoin needs to hold above $64.5K as a key support. If it breaks $67K upward, the bullish structure is significantly strengthened. Ethereum is consolidating, but if it surpasses $2.25K, it’s likely to gain more momentum. XRP stabilized after recent volatility, and $1.40 is the zone to watch for a new push.

The total market capitalization rebounded to $2.26 trillion. The interesting part is that not only Bitcoin is leading, but altcoins are also bouncing back. This suggests that the crypto rally is driven by broader market reasons, not just isolated strength.

Now, for this rebound to hold, Bitcoin needs to stay above $66K, ETF inflows must remain consistent, and liquidation pressures need to continue favoring the bulls. If these conditions align, the upward move in cryptocurrencies could extend much further. But if Bitcoin drops below $64.5K, the scenario can change quickly.