🚀 Crypto Market Rallies: +$50B Added in 24 Hours — What’s Driving the Upside?
The total crypto market cap has surged by more than $50B in the past day, with Bitcoin reclaiming the $110,000 level. Several macro and market-structure catalysts are aligning to push sentiment higher.
🔑 Key Drivers Behind Today’s Move
✅ Large traders flipping bullish
New Arkham Intelligence data shows the so-called “Trump Insider Whale” has fully closed a $227M BTC short, locking in ~$6.4M profit. This signals a shift from bearish protection to directional bullish positioning — a strong signal for risk-on appetite among sophisticated traders.
🏦 Speculation on Fed liquidity injections
Analysts now expect the Federal Reserve to inject an estimated $1.5T into the economy over coming months, tied to anticipated rate cuts in October and November. Liquidity expectations continue to act as a tailwind for digital asset markets.
📊 CPI expectations fueling optimism
Today’s CPI print is expected at 3.1% vs last month’s 2.9%. A cooler reading would strengthen the case for another 25 bps rate cut, reinforcing risk-asset momentum.
📈 What this means for the market
With macro liquidity optimism rising, major shorts unwinding, and inflation data trending favorably, traders are positioning for sustained upside into Q4. The narrative is shifting from defensiveness to accumulation.
https://coingape.com/why-is-crypto-market-up-today-oct-24/?utm_source=coingape&utm_medium=linkedin
