🚀 Bitcoin Surpasses $94,000! 🤯 This is the Reason Behind its Breakout 🔥
$BTC has surged sharply above $94,000 📈, ending a period of flat trading 😴 between $88,000 and $92,000. The breakout came suddenly on December 9! 🗓️
Whale Accumulation and Short Squeeze 🐋💥
👉Strong Inflows: Data shows strong inflows into institutional and custody wallets in the hour prior to the rally. 💰
👉Deep Demand: Deep liquidity buyers moved first, accelerating the breakout. 💨
👉Mass Liquidations: More than $300 million in total liquidations 🩸 occurred within 12 hours.
$BTC: Over $46 million
$ETH: Above $49 million
👉The Move: Most were short positions 🐻, indicating a classic squeeze 🎣 rather than a gradual trend build-up.
Catalysts: OCC and FOMC Anticipation 💡
✅Regulatory Support: A notable policy update from the Office of the Comptroller of the Currency (OCC) ✅ confirmed that banks can engage in cryptocurrency transactions without risk. This broadens institutional access! 🏦
✅FOMC Anticipation: The rally comes ahead of the Fed's decision. Traders expect easier liquidity conditions if rate cuts are confirmed. 💧
$BTC remains near intraday highs with elevated volatility 🎢. Markets will watch if follow-up demand holds during the FOMC announcement or if profit-taking 🤑 cools the momentum at the top. 🏔️
