The de-escalation of the conflict in the Middle East initiated a short squeeze on $BTC
Following Donald Trump's cancellation of the planned strikes against the Houthis in Yemen and the Houthis' commitment to refrain from attacking U.S. ships in the Red Sea, the market adjusted to reflect the decreased risk of further escalation.
At the start of European market hours, Binance's Net Taker Volume surged from +$11 million to +$618 million within one hour, indicating a strong accumulation of $BTC by buyers. The liquidation of short positions contributed to #Bitcoin surpassing the $85,000 threshold.
#DonaldTrump #TRUMP #BTC Price Analysis# #Crypto#
Following Donald Trump's cancellation of the planned strikes against the Houthis in Yemen and the Houthis' commitment to refrain from attacking U.S. ships in the Red Sea, the market adjusted to reflect the decreased risk of further escalation.
At the start of European market hours, Binance's Net Taker Volume surged from +$11 million to +$618 million within one hour, indicating a strong accumulation of $BTC by buyers. The liquidation of short positions contributed to #Bitcoin surpassing the $85,000 threshold.
#DonaldTrump #TRUMP #BTC Price Analysis# #Crypto#
