Bitcoin pump to $79,000: short squeeze and US pressure

The bitcoin pump this week became the main story of ‘Deconstruction’: the market sharply moved to $79,500 on short liquidations, Ethereum is preparing for the Glamsterdam upgrade, US regulators are increasing pressure on the crypto industry, Amazon is buying and destroying rare books to train AI, and IT billionaires are trying to build autonomous lives in bunkers.

“Trades Closed From +40% Profit”

“+1,300$/Month in Profit”

“Stable 500$–600$ Withdrawals”

Short Squeeze Instead of a True Reversal

Bitcoin quickly broke through the $79,500 area after a mass closing of short positions. In one day, the volume of short liquidations approached $3 billion, and this factor became the main fuel for the upward movement.

The chain looked like this:

• Mass closing of short positions increased demand for bitcoin.
• The volume of short liquidations approached $3 billion in one day.
• The price shot up sharply and quickly reached the $79,500 area.

At first glance, such a jump looks like the start of a full recovery. But analysts are in no hurry to talk about a trend reversal. Most indicators have indeed entered extreme decline zones, but this is not enough to consider capitulation complete.