Why BTC price go up in last 24hrs.

The recent surge in Bitcoin (BTC) price over the last 24 hours can be attributed to several key factors:

1. **Increased Institutional Inflows**: Significant positive inflows into Bitcoin-focused investment products, particularly spot Bitcoin ETFs, have played a major role. For instance, ARK 21Shares' Bitcoin ETF saw substantial inflows, indicating growing institutional interest and confidence in Bitcoin as an investment asset.

2. **Short Liquidations**: A considerable amount of short positions were liquidated in the past 24 hours. This liquidation forced short sellers to buy back Bitcoin to cover their positions, driving up the price further.

3. **Market Sentiment and Technical Indicators**: Bitcoin broke through significant resistance levels, such as the 50-day and 200-day exponential moving averages, which has boosted bullish sentiment among traders. Additionally, various technical indicators like the RSI have shown bullish signals, suggesting the potential for continued upward movement.

4. **Anticipation of the Bitcoin Halving**: The upcoming Bitcoin halving event, which will reduce the reward for mining new Bitcoin, is creating expectations of a supply reduction, historically known to lead to price increases. This event has historically led to significant price rallies in the months following past halvings.

5. **Inflation Data and Interest Rate Speculation**: Recent inflation data showing a decrease has led to speculation that the Federal Reserve might hold interest rates steady or potentially cut them later in the year. This has improved the macroeconomic environment for risk assets like Bitcoin.

These factors combined have created a favorable environment for Bitcoin, leading to its recent price increase.