In the last 24 hours, $BTC surged over $11,000.
BTCUSDT | Perp
đ 71,500 | +10.43%
Bitcoin just delivered a brutal squeeze to every trader who bet the drop would last.
The run past $71,000 was powered by a massive leverage reset and deeply negative funding rates.
The catalyst? The Senate moving forward with the CLARITY Actâsignaling a major shift toward a commodity-first regulatory landscape.
After the recent flush, the market was overwhelmingly short⊠and got caught.
Now bulls are back in control, so long as $68,000 holds.
The rally is being fueled by shorts scrambling to cover â selling the bottom just gave this move its momentum.
BTC
65,453.5
-1.94%