$BTC Strong rebound to 116,000, shorts completely collapse!
Bitcoin completed a rebound from 112,000 to 116,000 in a very short time, directly proving the strong buying power in the market. The shorts initially aimed to create panic, but the result was that the chips were quickly picked up by whales and institutions, which instead became fuel for the main upward wave.
On the policy front, the U.S. pension 401(k) fund pool has officially opened for Bitcoin allocation, and stablecoin legislation has passed, allowing capital inflow to no longer be obstructed. The regulatory attitude has softened, meaning that the entire compliance environment has been completely rewritten.
On the funding side, on-chain data shows a significant increase in large transfers, institutional accounts are re-accumulating, and the main forces are preparing for the year-end market in advance.
116,000 is not the end point, but a new price foundation laid by the main forces. The real target is a comprehensive explosion to 170,000 USD by the end of the year!