The movie *Bull Comes* is still a hit, but the crypto world’s 'bull run' has arrived first. Bitcoin surged over 7% overnight, nearing $70,000, and directly set the record for the largest single-day liquidation in crypto history: $2.743 billion in short positions wiped out within 24 hours. This rebound isn’t just a short squeeze. Long-term U.S. Treasury yields have pulled back, ETF funds are flowing back in, and Trump has publicly released pro-crypto signals—several forces colliding together. But the market is still some distance away from confirming a reversal. VanEck’s 12 'capitulation' indicators have triggered 8 so far, increasingly resembling a bottoming zone, but it might not be the bottom just yet. After months of silence, at least volatility is back.