$BTC The crypto market is having a heart-stopping session. Bitcoin (BTC) has broken through key barriers by surpassing the $77,000 mark during European trading hours, recording an impressive jump of approximately 8% in 24 hours and 22% for the week.
The engine of the rally: The massive liquidation of shorts.
Beyond a buy driven by conviction, this sudden move has had a strong mechanical foundation. In just two days, more than $4 billion in bearish bets (short positions) were liquidated on exchanges.
The leverage trap: Only in one day, nearly $1.2 billion in shorts were wiped out, adding to the $3 billion from the previous day.
Domino effect: Traders who had bet on a decline were forced to automatically repurchase assets to cover their losses, creating a cascade of rising prices that accelerated the market’s momentum.
Macro and political factors that changed the game.
This rebound doesn’t happen by chance and is tied to two key moves that occurred in midweek:
- Relief in U.S. debt: The Treasury Department announced a doubling in its long-term bond repurchase operations (from $2,000 to $4,000 million), which eased conditions in the bond market and boosted global risk appetite.
- Positive regulatory pressure: President Donald Trump urged Congress to speed up approval of the Digital Asset Market Clarity Act during an event at the White House, surrounded by leaders from the crypto industry.
Despite this powerful rebound that lifted other major cryptocurrencies as well, Bitcoin’s market capitalization is still some distance below its prior all-time highs.
Do you think this momentum will be enough to consolidate a bullish trend?
#noticias
$TRUMP
The engine of the rally: The massive liquidation of shorts.
Beyond a buy driven by conviction, this sudden move has had a strong mechanical foundation. In just two days, more than $4 billion in bearish bets (short positions) were liquidated on exchanges.
The leverage trap: Only in one day, nearly $1.2 billion in shorts were wiped out, adding to the $3 billion from the previous day.
Domino effect: Traders who had bet on a decline were forced to automatically repurchase assets to cover their losses, creating a cascade of rising prices that accelerated the market’s momentum.
Macro and political factors that changed the game.
This rebound doesn’t happen by chance and is tied to two key moves that occurred in midweek:
- Relief in U.S. debt: The Treasury Department announced a doubling in its long-term bond repurchase operations (from $2,000 to $4,000 million), which eased conditions in the bond market and boosted global risk appetite.
- Positive regulatory pressure: President Donald Trump urged Congress to speed up approval of the Digital Asset Market Clarity Act during an event at the White House, surrounded by leaders from the crypto industry.
Despite this powerful rebound that lifted other major cryptocurrencies as well, Bitcoin’s market capitalization is still some distance below its prior all-time highs.
Do you think this momentum will be enough to consolidate a bullish trend?
#noticias
$TRUMP