Bitcoin's Q4 rally is gaining traction, bolstered by significant spot inflows and a short squeeze that liquidated over $400 million in leveraged positions. On-chain metrics, such as the Trader Realized Price (TRP) falling below the spot price, indicate potential for sustained upside. A breakout in Bitcoin dominance above 60% is considered crucial for confirming a true price-discovery phase. Additionally, a Net Taker Volume of $574 million and favorable seasonal trends are contributing to the bullish momentum.