Crypto Market Sees Surge in Price Amid Short Squeezes and Inflows

The crypto market is showing signs of renewed strength, with prices holding near key resistance levels after Bitcoin reclaimed levels around $75k-$76k.

This surge in price is being driven by steady inflows and short squeezes, which are keeping prices stable near key resistance zones.

According to on-chain data, the Coinbase Premium Index (CPI) has reversed nearly 50%, effectively wiping out last week's upside. This suggests that crypto today has not yet seen strong follow-through from U.S.-based investors.