BTC once again surged above 80,000—feels like it’s finally holding strong.
Short covering is the fuel, and spot buying is the engine. Once the fuel runs out, it’s gone—but the engine can keep running.
Things are changing on the macro side too.
The U.S. Treasury Secretary rolled out Treasury repurchase operations. On the surface it’s a technical move, but in reality it’s like putting a steadying balm into the market. The market has started trading again under the logic of “improving liquidity” and “a weaker dollar.” Gold and Bitcoin benefit at the same time—this isn’t a coincidence. When sovereign credit is questioned, scarce assets get repriced.
On top of that, the SEC has introduced a new regulatory exemption framework, giving tokenized securities trading a five-year green light. With regulatory uncertainty decreasing, the psychological threshold for institutions to enter the market is also lowering.
There’s a wall above 80,000. Large sell orders are clustered in that zone—a liquidity wall. Whether it can be absorbed depends on whether spot buying can keep going.
Short covering is the fuel, and spot buying is the engine. Once the fuel runs out, it’s gone—but the engine can keep running.
Things are changing on the macro side too.
The U.S. Treasury Secretary rolled out Treasury repurchase operations. On the surface it’s a technical move, but in reality it’s like putting a steadying balm into the market. The market has started trading again under the logic of “improving liquidity” and “a weaker dollar.” Gold and Bitcoin benefit at the same time—this isn’t a coincidence. When sovereign credit is questioned, scarce assets get repriced.
On top of that, the SEC has introduced a new regulatory exemption framework, giving tokenized securities trading a five-year green light. With regulatory uncertainty decreasing, the psychological threshold for institutions to enter the market is also lowering.
There’s a wall above 80,000. Large sell orders are clustered in that zone—a liquidity wall. Whether it can be absorbed depends on whether spot buying can keep going.