Bitcoin recovers about 78,000, shorts are cleared first
On September 18, $BTC moved back from below about 76,000 in midweek to around 78,000 with a move accompanied by gains of about two percentage points over 24 hours. It is already the third consecutive day of recovery after the decision. In the same window, short liquidations were clearly larger than those on the long side. Statistics suggest that between the 17th and 18th, net exchange-wide short positions were cleared at a scale exceeding $200 million, with Bitcoin shorts accounting for a portion of that.
This is not “disproving” a rate hike. Instead, two bad pieces of news have already been priced in early: the failed program ballot on the 15th and the 25-basis-point rate hike on the 16th. Oil prices pull back, tech stocks rebound, and risk appetite eases a bit. After spot was supported around 75,000, leveraged shorts became fuel for the rebound.
Recovering 78,000 first proves that the “two-bad-news” scenario has not broken through the structure—it does not confirm that a brand-new major uptrend has begun. The dot-plot still points to the possibility of one more hike within the year, and the discount rate has not disappeared. For the rebound to turn into a trend, spot and ETFs need to move in sync; relying on a short squeeze alone, the highs will still be pared back.
$BTC
#比特币 #清算
Not investment advice
On September 18, $BTC moved back from below about 76,000 in midweek to around 78,000 with a move accompanied by gains of about two percentage points over 24 hours. It is already the third consecutive day of recovery after the decision. In the same window, short liquidations were clearly larger than those on the long side. Statistics suggest that between the 17th and 18th, net exchange-wide short positions were cleared at a scale exceeding $200 million, with Bitcoin shorts accounting for a portion of that.
This is not “disproving” a rate hike. Instead, two bad pieces of news have already been priced in early: the failed program ballot on the 15th and the 25-basis-point rate hike on the 16th. Oil prices pull back, tech stocks rebound, and risk appetite eases a bit. After spot was supported around 75,000, leveraged shorts became fuel for the rebound.
Recovering 78,000 first proves that the “two-bad-news” scenario has not broken through the structure—it does not confirm that a brand-new major uptrend has begun. The dot-plot still points to the possibility of one more hike within the year, and the discount rate has not disappeared. For the rebound to turn into a trend, spot and ETFs need to move in sync; relying on a short squeeze alone, the highs will still be pared back.
$BTC
#比特币 #清算
Not investment advice
