Bitcoin skyrocketed last night!

It shot up to $92,000 in one go. Before the bears could even react, they were wiped out—$1 billion in short positions vanished just like that. The bulls feasted, while the bears were left stunned.

But this surge isn’t simple. Three key factors are driving it simultaneously:

**Institutions are putting real money in.** Asset management giants like Vanguard are letting clients buy Bitcoin ETFs, and even Bank of America is shifting stance, recommending some digital asset allocation. Traditional finance money is flooding in through legitimate channels.

**The macro situation has completely changed.** Disappointing jobs data led the market to bet that the Fed will cut interest rates. As the dollar weakens, all risk assets are soaring.

**Technical triggers keep firing.** Once the price broke a key level, short positions were liquidated, causing even more liquidations—driving the rally even higher.

Now everyone’s watching that $93,000 mark. If it breaks, the calls for $100,000 could blow the roof off.

But here’s the question—is this the start of an institutional bull run, or just the prelude to another round of wild shakeouts? The market never lacks surprises—or shocks.

Did you seize the opportunity this time? How long do you think this rally can last?