Yesterday, BTC rose above $75000 and 120000 people liquidated their positions; US ETFs are still making large profits; MicroStrategy bought another 22000 coins; Vietnam plans to establish a local exchange; Analysts say there may not be a 'copycat season flying around' in the future. 1. The market suddenly exploded, and short selling resulted in disastrous losses This morning, Bitcoin suddenly rose above $75000, driving other currencies to rise together. This sudden surge led to the liquidation of short selling contracts, with over 120000 people being "cleared" within 24 hours, resulting in a total loss of $570 million. 2. The few Bitcoin ETFs in the United States are still pouring money in Institutions are still continuing to buy. Last week, several Bitcoin spot ETFs in the United States saw a net inflow of $767 million, and Ethereum ETFs also saw a net inflow of $160 million, marking the third consecutive week of net inflows. 3. That 'big holder' company bought again It's the MicroStrategy company (now renamed) that makes buying Bitcoin its main business. It spent $1.57 billion to buy 22000 bitcoins during the week of March 9th to 15th. Now the total number of bitcoins in its hands has exceeded 760000. 4. Vietnam wants to establish its own exchange to prevent capital outflows The Vietnamese government plans to launch a pilot of its own digital currency exchange, hoping that everyone can trade domestically and not transfer all their money to overseas platforms. There are already five companies (including affiliated companies of banks and securities firms) competing for this first batch of licenses. 5. Analysts pour cold water: There may not be a 'copycat season' in the future Some analysts believe that large institutions are now more willing to invest their money in "big names" such as Bitcoin and Ethereum, as well as assets that can generate actual returns, rather than speculating on various small coins like before. So, the "shanzhai season" where all small coins skyrocketed together like in the past may not happen again. The data also shows that over the past year, funds have been flowing out of altcoins.