Bitcoin Soars 25%, But Can Rally Last?

Bitcoin has experienced a significant surge in value over the past week, increasing by nearly 25% - one of its strongest rallies in recent years. This upward trend is attributed to changes in the US government bond market and a weaker dollar, drawing in buyers.

The rally was also driven by the mass closure of bets against Bitcoin, reducing selling pressure on the asset.

However, it remains uncertain whether this momentum will be sufficient to sustain the rally. The focus is shifting from liquidations to actual demand for Bitcoin and capital inflows into spot ETFs.