The current movement of Bitcoin #CelebratingNewYearOnGateSquare $BTC( clearly demonstrates a classic liquidity grab scenario from short positions during an impulsive upward move. Such price jumps are usually not driven by mass retail demand but by local liquidity operations and actions of large players who control the market structure.

From a technical perspective, the situation looks as follows: initially, the market accumulates a significant number of shorts, after which the price sharply spikes upward. This movement helps clear overloaded seller segments, activate stop orders, and trigger a cascade of liquidations. As a result, it’s less about growth through new purchases and more about redistribution of positions among market participants.
The latest BTC impulse fits perfectly into this model. Over the past week, the market gradually accumulated short positions, creating ideal conditions for a short squeeze. When the price reached key liquidity levels, a rapid acceleration occurred — liquidations began to reinforce each other, creating the impression of a strong bullish impulse.
However, it’s important to understand: such moves do not always indicate the start of a new medium-term trend. Currently, the structure of large quotes is dominated by liquidity-driven logic rather than the formation of a stable buyer initiative. The market more resembles a phase of position balancing than the start of a full-fledged upward cycle.
In such conditions, large capital often undergoes a process of building or leveling long exposure. This means that the main goal is not rapid price growth but creating comfortable entry levels and clearing the market of excessive bias in one direction. That’s why, after sharp impulses, a period of consolidation or even retests of lower zones often follows.
In other words, the market is behaving rationally now: it first absorbs liquidity, balances participants’ positions, and only then lays the foundation for a more sustainable move. So, for now, we are observing an unconfirmed trend, a stage of structural preparation for the next major phase. )