Tracking the True Reasons Behind Bitcoin's Surge in the Last 20 Days

On February 27th at 3 AM Beijing time, Bitcoin experienced a "midnight surge," successfully breaking through the $54,000 mark. By 10 AM on the 27th, it was initially thought that the market might take a breather, but Bitcoin continued to show strong momentum, quickly surpassing $57,000 within a short period, with a cumulative increase of 10.06% in 24 hours, reaching a new high since January 2022. This also marks the continuation of Bitcoin's performance since the Lunar New Year in 2024. Since hitting $43,000 on February 7th, Bitcoin has risen by 32.5% in 20 days. What is the reason behind this surge?