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Bitcoin Surge Triggers Bullish Momentum as On-Chain Data and Price Breakout Align
- Bitcoin broke $106.6K as short liquidations and spot volume signaled a bullish reversal.
- The bear trap played out with falling funding and rising open interest, triggering liquidations.
- Rekt Capital sees $109.4K as a springboard; the next resistance lies at $111.7K.
- Spot buying rose as open interest dropped, confirming a momentum shift in real-time data.
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