Bitcoin has pushed above $85,000, reaching its highest level since January, as short liquidations, improving ETF flows and a more crypto-friendly regulatory backdrop fuel the rebound. $BTC
🔹 LTH selling pressure: reportedly slowing sharply
🔹 $750M+ crypto positions liquidated in the past 24 hours, mostly shorts
🔹 SEC: introduced a five-year exemption supporting qualifying tokenized-stock trading on blockchain platforms
🔹 Macro risk: Fed officials, including Chicago Fed President Austan Goolsbee, continue signaling that higher rates may be needed as inflation pressures remain.
🔹 Oil prices: falling, helping improve broader risk sentiment.
The Block
The Wall Street Journal
Reuters
Reuters
📈 BTC is back above $85K — now the big question is whether fresh spot demand can keep the rally going after the short squeeze fades.
