Bitcoin Price Rallies Over 16% as Leveraged Shorts Get Liquidated and New Funds Flow In

Bitcoin's price rallied 16.1% between Oct 22-24 as bearish traders got liquidated of $230 million in futures contracts.

Open interest increased from $13.1B to $14B during the rally, suggesting new leveraged positions outpaced forced closures.

Theories circulate that CZ used BNB collateral on Venus Protocol to shore up BNB price before buying back Bitcoin.

Bitcoin futures premium and options skew now signal a healthy bull run with room for further gains.

Influx of new funds justifies rally beyond $35K, despite ongoing speculation around a spot BTC ETF approval.