š Bitcoin Smashes $94,000 After a Week of Boring Sideways Action
Bitcoin suddenly broke out of its $88kā$92k range, blasting past $94,000 in minutes.
Why the Pump?
š³ Whales loaded up ā big custodial wallets accumulated thousands of BTC right before the move.
š„ Shorts got wrecked ā over $300M liquidations, mostly short positions.
ā” Order books thinned, stops triggered, and the squeeze launched price straight up.
What Added Fuel?
šŗšø A new OCC update now lets US banks do riskless principal crypto transactions, boosting institutional confidence.
š With the FOMC meeting coming, traders expect rate cuts ā easier liquidity ā bullish sentiment.
Bitcoin now holds near highs with massive volatility. All eyes on whether FOMC pushes it even higher or cools things down.
