BTC, ETH violent rebound, over $320 million in short positions liquidated in a single day

Bitcoin surged over 8% in 24 hours, reaching a high of $69,500, the largest single-day increase since February 6; Ethereum soared over 12% simultaneously, briefly breaking $2100, with mainstream cryptocurrencies rising 7%-15%.
This rebound caused over $320 million in short positions to be liquidated across the network. Meanwhile, after five consecutive weeks of net outflows, the US spot Bitcoin ETF recorded a net inflow of $257 million in a single day, significantly improving market sentiment.
In the short term, focus should be on whether BTC can hold above $70,000 and whether ETH can maintain the $2000 level.