š Bitcoin Surpasses $94,000! 𤯠This is the Reason Behind its Breakout š„
$BTC has surged sharply above $94,000 š, ending a period of flat trading š“ between $88,000 and $92,000. The breakout came suddenly on December 9! šļø
Whale Accumulation and Short Squeeze šš„
šStrong Inflows: Data shows strong inflows into institutional and custody wallets in the hour prior to the rally. š°
šDeep Demand: Deep liquidity buyers moved first, accelerating the breakout. šØ
šMass Liquidations: More than $300 million in total liquidations 𩸠occurred within 12 hours.
$BTC : Over $46 million
$ETH: Above $49 million
šThe Move: Most were short positions š», indicating a classic squeeze š£ rather than a gradual trend build-up.
Catalysts: OCC and FOMC Anticipation š”
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Regulatory Support: A notable policy update from the Office of the Comptroller of the Currency (OCC) ā
confirmed that banks can engage in cryptocurrency transactions without risk. This broadens institutional access! š¦
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FOMC Anticipation: The rally comes ahead of the Fed's decision. Traders expect easier liquidity conditions if rate cuts are confirmed. š§
$BTC remains near intraday highs with elevated volatility š¢. Markets will watch if follow-up demand holds during the FOMC announcement or if profit-taking š¤ cools the momentum at the top. šļø
$BTC $ETH
#Squeeze #fomc #OCC #Alezito50x #ballenas