Let the data reveal the truth behind BTC's rise! The recent surge in Bitcoin, breaking through 80000 and stabilizing above 80000, is not essentially a 'bull run', but a 'bearish fuel market'! In the past two days, Bitcoin's entire network has experienced explosive data: ️ May 5th (last 24 hours) Total liquidation: approximately 243 million US dollars Short position explosion: 192 million US dollars (≈ 79%) Multiple liquidation: 51.68 million US dollars (≈ 21%) Conclusion: Short positions are heavily squeezed (main explosive short positions) ️ May 4th (previous day) Total liquidation: approximately 498 million US dollars Short position explosion: 338.9 million US dollars (≈ 68%) Multiple liquidation: 159.3 million US dollars (≈ 32%) Conclusion: It is also a typical short selling market Two day total (emphasis) Total liquidation: ≈ 740 million US dollars Short position explosion: ≈ 530 million (≈ 72%) Multiple liquidation: ≈ 210 million (≈ 28%) A crucial core conclusion: The essence of the market these days is: Continuous Short Squeeze Market! ✅ Extremely crowded bears ✅ The price increase is not driven by natural demand, but by passive liquidation of short positions, forced buying, further pushing up prices, and then bursting short positions again, Forming a typical closed loop: upward=short burst driven, not a healthy bull market! Core driving force: The funding rate of Bitcoin perpetual contracts remained negative for most of April, and bears have been paying long positions to maintain their positions. Every time the price rises, bears passively close their positions, forming a death spiral. Since mid April, the accumulated liquidation of short positions has amounted to approximately $7.88 billion, and around $80000 has become a graveyard for the Air Force. When the bears are almost cleared, the script of the main force turning around to harvest the bulls will unfold. Iconic Event 1: A single "Waterloo" transaction resulted in the instant evaporation of $1.94 million! The most notable was a huge short order involving 700 BTC (worth approximately $56.68 million), which was manually stopped by traders after the price broke through $81000, resulting in a loss of up to $1.94 million per order. Even more dramatically, this trader had previously successfully shorted 11 times in a row, earning a total profit of $1.71 million. But this 12th failure not only brought back all profits, but also resulted in a loss of $230000. This indicates that in the face of a firm bullish trend, continuous counter trend operations (short selling) carry extremely high risks, and even experts are easily caught off guard. Iconic Event 2: Weekly Level 'Great Calculation', Air Force Cumulative Casualties $7.88B. If we look at the extended period, this loss is just the tip of the iceberg. According to CryptoQuant's data, since the start of this uptrend in February, short positions betting on the decline of Bitcoin have been cleared for approximately $7.88 billion. Especially around $80000, due to repeated price manipulation and testing, bears stubbornly resisted, resulting in nearly $8 billion in margin being wiped out and becoming a true "graveyard" for the Air Force.