š The de-escalation of the conflict in the Middle East triggered a short squeeze on $BTC .
After Donald Trump called off the planned strikes against the Houthis in Yemen, and the Houthis pledged not to attack U.S. ships in the Red Sea, the market priced in the reduced risk of further escalation.
At the opening of European markets, Binanceās Net Taker Volume jumped from +$11m to +$618m in one hourābuyers began aggressively accumulating $BTC . The liquidation of short sellers helped Bitcoin break through the $85,000 mark.
After Donald Trump called off the planned strikes against the Houthis in Yemen, and the Houthis pledged not to attack U.S. ships in the Red Sea, the market priced in the reduced risk of further escalation.
At the opening of European markets, Binanceās Net Taker Volume jumped from +$11m to +$618m in one hourābuyers began aggressively accumulating $BTC . The liquidation of short sellers helped Bitcoin break through the $85,000 mark.
