📈 The core reasons for the surge last night

Based on the latest public data and market dynamics, the surge last night mainly came from four factors: macroeconomic benefits + reduced selling pressure + capital inflow + market sentiment resonance.

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1️⃣ Enhanced expectations of Federal Reserve easing (the biggest driver) $

Recently, the market generally believes:

• The Federal Reserve is closer to cutting interest rates or releasing easing signals

• Liquidity will return to high-risk assets

The weakening of the dollar and capital seeking higher yield targets is one of the most classic triggers for Bitcoin's rise.

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2️⃣ Reduced selling pressure + market structure repair

• The recent sharp decline and liquidation wave have released most of the selling pressure.

• A significant net inflow of buying funds started to appear last night.

• From a technical perspective, it has reached a strong support level, showing a typical V-shaped rebound.

In other words:

What should have been sold has been sold, what should have been liquidated has been liquidated, and as soon as buying pressure hits, it soars.

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3️⃣ Capital inflow + altcoin correlation rise

Not only did BTC rise, but ETH, SOL, and mainstream altcoins also showed strong performance, indicating:

• Overall market sentiment has shifted from panic → warming

• Both institutions and retail investors are seeing capital inflow

• Initiating a "correlated rise mode," making short-term explosive increases easier to occur

This is a typical liquidity-driven market.

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4️⃣ Year-end effect + speculative trading active

Entering December, traditional finance often sees:

• Year-end rallies

• Capital reallocation

• Christmas market (Santa Rally)

The speculation in the crypto market is very sensitive; as long as BTC continues to strengthen, it easily triggers FOMO and further pushes up prices.

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🎯 Conclusion: This is a rise dominated by "liquidity + technical rebound"

• This does not yet constitute a true comprehensive bull market

• More like the combined result of "strong rebound after a decline + capital inflow"

• If there are continued macroeconomic benefits next, the market may extend

• If there is no sustained increase in capital, short-term corrections may still occur $AT