The market has been looking very good lately, and traders likely have made some profits. Many of them are probably holding stablecoins right now.
(...)
Consider also other people who are shorting the market recently, for sure a lot of them got liquidated, millions and millions. These bears for sure are still hoping for more dumps and make some profits.
With Bitcoin rejected at $70,000 I believe it will be more volatile starting now, could be a small pullback and break $70,000 this time or it will go back again to $60,000. For me, it's still early, I expect a lot of them to happen on the end of this month.