BTC up 0.49% in 15 minutes: Short squeeze and U.S. economic data jointly drive the market

From 2026-04-09 08:30 to 2026-04-09 08:45 (UTC), BTC surged rapidly within the USDT range of 70,979.6 to 71,333.3. The 15-minute return reached +0.49%, with a volatility of 0.50%. Near-term market fluctuations intensified, and overall market attention rose markedly. The number of active on-chain addresses stayed consistently above 120k, daily trading volume exceeded $2.0 billion, reflecting increased user participation.

The main driver behind this abnormal move was large-scale liquidation of short positions in the futures market. Approximately $273 million in short capital was forced out during this period, pushing BTC’s short-term growth rate higher. At the same time, the U.S. Core PCE inflation index and Initial Jobless Claims data were released at 08:30, directly affecting market risk appetite and driving short-term inflows of capital. Leverage capital overall flowed toward long positions; the funding rate turned from negative to positive, and bullish sentiment took the lead.

In addition, on-chain monitoring shows multiple large transfers by whale holders were active. Single-transfer amounts frequently exceeded 1,000 BTC. Large internal rebalancing by whales improved market liquidity. On the external front, geopolitical tensions in the Middle East eased, and the U.S. President’s remarks regarding the Strait of Hormuz increased demand for hedging. As a risk-hedging asset, BTC received additional allocation of funds. During the same period, the U.S. spot BTC ETF recorded a net inflow of $22.3 million, further strengthening institutional positioning and reinforcing price support. Network transaction fees remained low, indicating that on-chain operations were healthy and there was no obvious congestion. Multiple factors converged to push the market out of range-bound consolidation in the short term.

Current conditions carry short-term downside risk from excessive long leverage accumulation. It is necessary to remain alert to the amplifying effects of subsequent macro data shocks and the possibility that whale funds concentrate further into exchanges. It is recommended to focus on changes in BTC holdings structure, leverage liquidation levels, large on-chain transfers, and U.S. macro data release times. For short-term investors, it is important to guard against sudden pullbacks and rising volatility. For more real-time updates, please keep an eye on subsequent market news.