Bear market stampede ignites crypto-market jubilation
The crypto community collectively rioted. $BTC peaked at $87,395, up 6.72% in 24 hours, hitting a new eight-month high; $ETH rose 5.32% and broke through 28,00. $SOL surged 8.18%, while $DOGE coins skyrocketed 14.68%.
The “powder keg” behind the market lies in regulators loosening the gates. The SEC quickly rolled out an “innovation exemption,” instantly igniting market sentiment. The “spark” came from a short squeeze: over the past 24 hours, liquidations across the web totaled $750 million, with short positions accounting for $650 million. Bitcoin short liquidations alone reached $385 million. Massive short positions were forcibly liquidated, and buy orders flooded in, pushing prices up abruptly. Combined with macro tailwinds—oil prices falling below $100, and warmth released from U.S.-China tariff negotiations—risk assets gained a window to catch their breath. A shift in regulation, a squeeze-driven rally, and improving macro conditions all aligned perfectly, creating this bout of collective celebration in the crypto market.
The crypto community collectively rioted. $BTC peaked at $87,395, up 6.72% in 24 hours, hitting a new eight-month high; $ETH rose 5.32% and broke through 28,00. $SOL surged 8.18%, while $DOGE coins skyrocketed 14.68%.
The “powder keg” behind the market lies in regulators loosening the gates. The SEC quickly rolled out an “innovation exemption,” instantly igniting market sentiment. The “spark” came from a short squeeze: over the past 24 hours, liquidations across the web totaled $750 million, with short positions accounting for $650 million. Bitcoin short liquidations alone reached $385 million. Massive short positions were forcibly liquidated, and buy orders flooded in, pushing prices up abruptly. Combined with macro tailwinds—oil prices falling below $100, and warmth released from U.S.-China tariff negotiations—risk assets gained a window to catch their breath. A shift in regulation, a squeeze-driven rally, and improving macro conditions all aligned perfectly, creating this bout of collective celebration in the crypto market.
