BITCOIN EXPLODES : WHAT HAPPENED YESTERDAY?
Bitcoin strongly rebounded yesterday, surpassing $69,000—its highest level in several months.
But why this sudden rise?
* The U.S. Treasury announced an increase in its long-term bond buybacks, lowering bond yields and improving liquidity conditions.
* Bitcoin ETFs recorded new inflows, a sign that institutional demand is still present.
* Shorts were massively liquidated: more than one billion dollars in short positions were forced to close, amplifying the rally.
Result: a powerful short squeeze that accelerated the upward move.
But beware: a sharp rise does not automatically mean the market will continue in the same direction.
Can Bitcoin break through and hold above $75,000, or will we see a correction?
#Bitcoin #BTC #Crypto #Cryptocurrencies #Blockchain #Trading #DeFi $NVDAB $AAPLB $MSFTB
Bitcoin strongly rebounded yesterday, surpassing $69,000—its highest level in several months.
But why this sudden rise?
* The U.S. Treasury announced an increase in its long-term bond buybacks, lowering bond yields and improving liquidity conditions.
* Bitcoin ETFs recorded new inflows, a sign that institutional demand is still present.
* Shorts were massively liquidated: more than one billion dollars in short positions were forced to close, amplifying the rally.
Result: a powerful short squeeze that accelerated the upward move.
But beware: a sharp rise does not automatically mean the market will continue in the same direction.
Can Bitcoin break through and hold above $75,000, or will we see a correction?
#Bitcoin #BTC #Crypto #Cryptocurrencies #Blockchain #Trading #DeFi $NVDAB $AAPLB $MSFTB