According to CoinMeta, the price of Bitcoin broke through $72,000 on Thursday, continuing a strong rebound of about 15% since the beginning of this week, and liquidated billions of dollars in short positions in the short term. According to data from Glassnode, although Bitcoin has rebounded above $68,500, it still faces a key resistance at $75,800. This rebound was supported by a decline in U.S. Treasury yields and stronger signals of crypto policy, while a large-scale squeeze of shorts also accelerated this trend.