Bitcoin’s recent rise is a classic relief attributed to the uncertainty amongst investors due to rising geopolitical tensions. With over $175M shorts getting liquidated this feels like a squeeze setup amid macro noise.
The ongoing risks around the Strait of Hormuz and fragile ceasefire signals, alternative assets can be a digital hedge considering Bitcoin is now accepted to pay tolls.
Institutional ETF inflows, short liquidations, and spot demand continue to provide strong support, allowing BTC to climb toward the $74,000 level despite persistent uncertainty, as investors increasingly view it as a long-term store of value decoupled from traditional risk-off behavior.
Volatility remains high as BTC tests the $75K range, this could extend or reverse quickly.
Ignacio Aguirre, CMO at Bitget
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