đš $BTC IS STILL BULLISH, BUT WHY?
A lot of people expected Bitcoin to fall after the Fed rate hike. But #BTC did the opposite and pushed above $86K, even reaching around $87K. The rate hike itself was not a surprise, so the market had already been preparing for it.
What I find interesting is the positioning. When too many traders expect the same drop, the market can move the other way and force shorts to close. Recent BTC gains were also supported by strong U.S. spot ETF inflows, with nearly $1B entering on Monday.
If the shorts keep getting squeezed, the next move could become even more interesting.
A lot of people expected Bitcoin to fall after the Fed rate hike. But #BTC did the opposite and pushed above $86K, even reaching around $87K. The rate hike itself was not a surprise, so the market had already been preparing for it.
What I find interesting is the positioning. When too many traders expect the same drop, the market can move the other way and force shorts to close. Recent BTC gains were also supported by strong U.S. spot ETF inflows, with nearly $1B entering on Monday.
If the shorts keep getting squeezed, the next move could become even more interesting.
