Can BTC break through $62145 after short selling at $1.249 billion?

BTC has returned above $61500, ushering in a rapid rebound in the market. In the past 24 hours, a total of about 1.83 billion US dollars have been liquidated across the entire network, of which 1.249 billion US dollars, accounting for 68%, were liquidated by short sellers. This round of rise is more driven by short covering, rather than the influx of new leveraged funds. From a financial perspective, BTC has had a net inflow of approximately $283 million in the past 24 hours; ETH net inflow of 1.479 billion US dollars, significantly higher than BTC; SOL has a net inflow of 695 million US dollars, with a cumulative increase of over 20% in the past 7 days, and funds continue to flow into strong assets. It is worth noting that the BTC funding rate is only 0.0001, still at a relatively neutral level, indicating that market sentiment has not yet overheated and there has been no crowded trading in the short term. Next, focus on three locations: 62145 USD: The first bearish clearing intensive area above, if effectively broken through, may further trigger bearish stop loss in the 62327-62761 USD area, driving the market to continue to rise. 61100 USD: Short term important support, if the rebound stabilizes, the rebound structure is still expected to continue. 60500 USD: Key defensive level, once breached, the market may retest support around 60000 USD. At present, the current uptrend has significantly repaired market sentiment, but whether it can evolve from a rebound to a trend market still needs to be observed whether the $62145 line can break through in volume and whether subsequent funds will continue to flow in. Risk Warning: The above content is only for market information sharing and data analysis, and does not constitute any investment advice.