Bitcoin just ripped higher, trading near $72,000 after a sharp rebound that liquidated over $2.7 billion in shorts. Spot ETF flows stayed constructive, with Wednesday’s $517 million net inflow marking the strongest session in months and pushing August totals well above $1 billion.
Macro help came from the U.S. Treasury’s plan to expand long-end bond buybacks, easing yields and lifting risk assets. Sentiment flipped fast—Fear & Greed Index jumped to 62 (Greed) from the mid-40s. $ETH and $SOL joined the move with double-digit gains, while $BTC reclaimed levels last seen in early June.
Key former resistance around $67k–$70k is now being tested as support. The move looks real for now, but volume and follow-through will decide if this is a durable shift or just a violent squeeze.
How are you reading the sustainability of this rebound—continuation or fade into resistance?
Macro help came from the U.S. Treasury’s plan to expand long-end bond buybacks, easing yields and lifting risk assets. Sentiment flipped fast—Fear & Greed Index jumped to 62 (Greed) from the mid-40s. $ETH and $SOL joined the move with double-digit gains, while $BTC reclaimed levels last seen in early June.
Key former resistance around $67k–$70k is now being tested as support. The move looks real for now, but volume and follow-through will decide if this is a durable shift or just a violent squeeze.
How are you reading the sustainability of this rebound—continuation or fade into resistance?