Core Viewpoint - Bitcoin price has rebounded from a low of approximately $86,200 to $90,000, driven by significant buying in the spot market and short covering, rather than volatility from leveraged exchanges [1][2][3] Group 1: Market Dynamics - Over $110 million in Bitcoin short positions were liquidated in the past hour, indicating a preference for spot operations to manage risk [1][2] - The cumulative volume difference (CVD) for Bitcoin surged by 1,100% during the price increase, reflecting strong buying pressure that has not been seen since December 1 [3] - Bitcoin's market share has returned to around 60%, while most altcoins have lagged behind, reinforcing Bitcoin's dominant position in the digital asset market [3][4] Group 2: Technical Indicators - The Relative Strength Index (RSI) has recently dropped below 30, indicating an oversold condition, which historically suggests a continuation of Bitcoin's bull market [2][4] - The traditional four-year cycle for Bitcoin may no longer apply due to factors such as debt refinancing and liquidity changes, suggesting a potential bull market trend could extend until 2026 [2][4] - The current market structure shows that the recent Bitcoin price increase has not led to a simultaneous rise in altcoins, indicating that funds are concentrated in mainstream cryptocurrencies [2][4]