Bitcoin just rose to a high of $96,240, its highest in two months, and the background of this sudden surge is interesting. Altcoins are also rising in tandem, clearly indicating that short positions are being squeezed. The movements are very volatile even on an hourly basis, and when considering why it's so sudden, it might be due to large traders covering their shorts. When the overall market rises rapidly, short squeezes often occur. This seems to be the same pattern this time as well. By the way, the current price is stabilizing around $72.70K, but the price movements over the past few days have been quite intense. For short-term traders, this market offers plenty of opportunities.