It’s actually not that esoteric—simply put, several things came together: BTC reclaimed $80K, ETF funds began flowing back in, global risk appetite improved, and a wave of shorts were forced to stop out. Especially once BTC broke through, shorts collectively began “admitting they were wrong”—if you don’t buy, it buys for you 😂. The higher the price rises, the more panicked shorts become; the more panicked they get, the more buying pressure they contribute, creating this kind of short squeeze where the price rises faster and faster. ETH is even simpler: big brother BTC surged first, and little brother ETH began to catch up. On top of that, ETH ETF funds flowed back in, so it looks especially strong today. But don’t rush to declare that “a new bull market has arrived.” Right now, there are really only two things to watch: whether BTC can hold above $80K, and whether ETF funds can continue flowing in. If this is merely a pulse driven by shorts being squeezed out, the faster the rise, the sharper the pullback could be. And there is also a relatively large batch of BTC options expiring on September 25, so the next few days probably won’t be boring. The market loves to suddenly teach you a lesson just when everyone thinks “everything is settled.” So, rising is a good thing—just don’t get carried away.

Jiang Zhuoer warns BTC may test the $83k–$84k resistance before a meaningful pullback, while he stays fully long ETH spot for upside. $BTC $ETH