According to CoinMeta, as reported by Coindesk, analysts have differing opinions on Bitcoin's breakout trend. The founder of Quantum Economics, Mati Greenspan, believes that Bitcoin's trajectory is similar to its historical lows, and the likelihood of a significant pullback has decreased. Jason Fernandez, co-founder of Adlunam, stated that in the absence of inflows of spot ETF funds and signals of interest rate cuts, it is impossible to confirm the end of a bear market. Bitcoin was previously fluctuating in the range of $64,000 to $66,000; after the breakout, it triggered liquidations in the derivatives market. Tobias Baur, co-founder of TBV, noted that Binance's Bitcoin futures trading volume reached $1.26 billion in one minute, which is 361 times the normal level, with funding rates rising to their upper limit, and the market is experiencing overcrowding among long positions with leverage.