[Analysis: BTC Breaks $78,000, High Probability of Short Squeeze in the Short Term] Foresight News reports, according to The Block, Bitcoin's price has surpassed $78,000, and the Fear and Greed Index has exited the extreme fear zone. K33 Research indicates that Bitcoin may maintain its upward momentum, with a high likelihood of more short squeezes occurring in the short term. The K33 report highlights that over the past week, interest rates have further declined while prices have climbed to a three-month high. Open interest has continued to rise, and lows have been steadily increasing. The gradual rise in leverage, coupled with extremely low interest rates, suggests that short positions are steadily building up. This not only increases the likelihood of future short squeezes but also amplifies their potential scale.