Bitcoin has shown a rebound, holding above $93,000 and signaling a possible end to a 52-day bear market that saw a low of $74,400. The rise has been spurred by significant inflows to spot Bitcoin ETFs, reflecting renewed demand from institutional investors. The price surge above $90,000 has caught many short-selling traders off guard, resulting in over $390 million in liquidated short futures due to the volatility. While Bitcoin's move coincides with a weakening US dollar and adjustments in S&P 500 targets by major banks, concerns about the broader stock market's performance persist. Notably, the top traders’ long-to-short ratio on Binance suggests a growing preference for long positions. Further momentum could materialize if Bitcoin breaches the $95,000 resistance level, risking an additional $700 million in short positions. The overall atmosphere indicates that shorter-term traders may need to reconsider their commitments as Bitcoin demonstrates potential decoupling from traditional markets, aiming for the psychological $100,000 mark.

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