Bitcoin ignites ahead of the Federal Reserve meeting!
Bitcoin surged to $94,400 on Tuesday in a surprising and powerful move that shook the market within just a few hours. This rapid increase led to the liquidation of short positions exceeding $260 million in just 4 hours, reflecting the magnitude of upward pressure and the strength of liquidity that entered the market in anticipation of the Federal Reserve meeting on Wednesday.
Investors are moving cautiously but with an optimistic tone, as many expect the Federal Reserve to issue supportive signals, which could have a direct impact on risk appetite in the crypto market.
The current increases clearly show that market sentiment is improving, and any economic news could ignite massive waves of movements—as we saw today.
#ShortSqueeze #BullishMomentum
