1) A short covering/squeeze that was triggered when Bitcoin recently moved above $4,000;
This is the only thing that makes sense.
We formed an ascending triangle that had some more time to play out, but it broke out way sooner than expected, which basically means that shorters were not optimally prepared to adjust their positions. Bitmex liquidated hundreds of millions worth of shorts during that price explosion, and this of course helps fueling the price to increase.
Last year's descending triangle statistically had a higher percentage potential to break out to the down side, and it did. People shorting it just based on that did extremely well.
Currently we're doing the exact opposite with an ascending triangle, which statistically has a higher percentage potential to break out to the up side. I am already accumulating, but I'll try to put in a long just before it breaks out, and that's a trade based on a better overall probability.
I really believed there was enough time to put in a long on Bitmex, but nope. So close.