According to CoinMeta, Bitcoin has risen by about 23% in the past week, with the latest trading price at $77,535. Analysts suggest that spot purchases, inflows of ETF, and limited leverage may make this rebound more sustainable than typical short-term squeezes. They point out that forced liquidations helped Bitcoin break through its previous range, but spot purchases and renewed institutional demand have continued to support prices after the short-term pressure subsided. Bitcoin has gained nearly 7% in 24 hours, with the rebound since August 19 beginning below $65,000. Bitfinex believes that ETF demand, improved macro conditions, and limited selling may provide a longer “runway” for this rebound.