🚀 $BTC Back Above $93K! Short Squeeze + Institutional Demand Ahead of Fed Meeting
Bitcoin has surged past $93,000, jumping 8% from Monday’s lows as a major short squeeze and rising institutional interest boosted the market. ETH is back above $3,000, and total crypto market cap has climbed to $3.2T.
🔥 What’s Driving the Move?
Crowded shorts liquidated above $93K, triggering forced buying.
Bitcoin has attracted $732B in new capital this cycle — more than 2× the last one.
U.S. spot BTC ETFs saw $58.5M inflows (5th straight day).
Solana products saw $45.8M inflows; ETH ETFs had a small $9.9M outflow.
🏦 Institutions Are Coming
Vanguard now allows trading of BTC, XRP, SOL-linked funds.
Bank of America recommends 1–4% crypto allocation and will begin coverage of 4 spot BTC ETFs.
🏛️ Macro Still Key
Markets remain cautious ahead of the Dec 10 Fed meeting, with a 90% chance of a 25bps rate cut priced in.
🔗 Onchain Signals
Liquidity is improving with a $1B USDT mint and big ETH accumulation — but miner stress and slow whale buying keep risks elevated
