Bitcoin’s price has soared past the $90,000 mark, setting a new record high. While this bullish momentum is undeniable, market experts are raising concerns that the rally may not be as sustainable as it appears. The primary source of this surge appears to be short-covering, where traders forced to buy back in as prices rise contribute to temporary price increases. However, these gains lack a solid foundation, with low demand and limited liquidity suggesting potential fragility. Analysts highlight the weak spot demand, reflected in sluggish trading activity and a lack of buying interest, as a key factor behind this seemingly artificial rally. Low liquidity further exacerbates market volatility, making it vulnerable to sudden price swings or corrections. Will buyers step in to sustain this momentum? The answer is uncertain, but investors should be wary of relying on short-covering for long-term bullish trends. Bitcoin’s current rally may appear exciting, but whether it can hold its ground remains a key question for the market.