The cryptocurrency market is witnessing renewed activity in Bitcoin (BTC) trading, particularly among U.S. investors. Since April 21, Bitcoin has shown signs of a trend reversal, with increased whale buying on Binance and steady accumulation on Coinbase, indicating growing confidence. The Coinbase premium for Bitcoin has risen above 100, reflecting higher demand on this platform. Market data reveals a divergence between price movements and cumulative volume delta (CVD), with passive buyers driving the recent price increase and short positions opening in response. Approximately $12.5 million in short positions were liquidated recently, contributing to market volatility. Despite the upward price movement toward the $95,000 level, some analysts suggest the market may be approaching a peak, as short sellers continue to re-enter positions and liquidity at the $95,000 ask level is being tested. Overall, the market exhibits a complex interplay of passive buying, short liquidation, and renewed short selling amid a cautious yet active trading environment.