The Zhitong Finance App learned that Bitcoin continued its strong rebound on Thursday, and the price further broke through $72,000. However, after a record bearish squeeze led to a rapid rise in currency prices, market data shows that new leveraged long funds have yet to enter the market on a large scale, which means that this round of increase is still mainly driven by bears to make up. As bearish power is removed on a large scale, whether Bitcoin can continue to rise will increasingly depend on whether spot purchases and ETF capital inflows can pick up.

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