Bitcoin's price increased by approximately 3.1% over the past 24 hours, climbing from $62,700 to $64,700, according to CryptoQuant analyst Axel Adler Jr. The Taker Order Pressure indicator, which had been negative for most of the past week, turned positive on July 14, currently standing at +4.1. Meanwhile, the Liquidation Pressure indicator remains negative at -55.2, indicating a market dominated by long liquidations since July 11. The combination of these indicators suggests that the recent price surge is driven by genuine demand rather than a short squeeze. The reversal in Taker fund flows coinciding with the price increase is a typical sign of aggressive buying. If the Taker indicator remains positive over the next 24 hours, the upward trend could be confirmed. However, a drop below the zero axis would indicate waning buying momentum. The market has shifted towards a cautious risk appetite.