Bitcoin has pushed above $85,000, reaching its highest level since January, as short liquidations, improving ETF flows and a more crypto-friendly regulatory backdrop fuel the rebound. $BTC
๐น LTH selling pressure: reportedly slowing sharply
๐น $750M+ crypto positions liquidated in the past 24 hours, mostly shorts
๐น SEC: introduced a five-year exemption supporting qualifying tokenized-stock trading on blockchain platforms
๐น Macro risk: Fed officials, including Chicago Fed President Austan Goolsbee, continue signaling that higher rates may be needed as inflation pressures remain.
๐น Oil prices: falling, helping improve broader risk sentiment.
The Block
The Wall Street Journal
Reuters
Reuters
๐ BTC is back above $85K โ now the big question is whether fresh spot demand can keep the rally going after the short squeeze fades.
