Global policy trends are frequent, and Bitcoin is rising against the tide. BTC is rising with reduced volume, and there is immense pressure on short liquidations. If it rises to $109,054, the liquidation amount could exceed $850 million, potentially ushering in a new round of short squeeze in the market.
In terms of regulation, South Korea's FSC has tightened KYC/AML requirements, while Australia's ASIC continues to advance cryptocurrency regulation. Meanwhile, U.S. SEC Chairman Atkins has made a rare statement advocating for regulatory transparency and avoiding stifling innovation, sending positive signals.
At the same time, Blackstone has purchased Bitcoin ETFs for the first time, although the amount is only $1.08 million, it carries significant symbolic meaning. Analysts believe the market is not yet overheated, and Bitcoin is expected to challenge historical highs.
