Bitcoin closed above its 200-day moving average for the first time since the bear market began. Every previous time that line broke, the bear market was over.
Scott Melker has been calling this bottom since February. Yesterday a record $3 billion of shorts were liquidated, the largest such event on record, and Bitcoin cleared $71,000. He breaks down the real sequence: Treasury blinking on long-dated bonds was the spark, built-up leverage was the gasoline, and Trump’s White House crypto event arrived after the move, not before it.
Plus a strategic Bitcoin reserve, X exploring stablecoin payouts, Ethereum’s next upgrade, and Stripe buying OpenRouter for $7.8 billion.
Timestamps
00:00 Bitcoin’s best day since the bear market began
00:45 The bottom call Scott has been making since February
01:33 The supercut his team made of every call
03:06 A record $3 billion of shorts wiped out
04:06 The spark: Treasury blinked
05:16 The gasoline: leverage nobody was watching
06:13 Trump takes the stage
08:23 Hyperliquid, and a strategic Bitcoin reserve
09:07 Why regulators stopped waiting for Congress
10:18 X finally puts crypto in the conversation
11:47 Ethereum’s upgrade, and the competition it answers
13:08 Stripe buys OpenRouter for $7.8 billion
14:12 What has to happen next
#Bitcoin #Crypto #BTC #ShortSqueeze #Trump #Ethereum #Stablecoins #Stripe #DailyWolf #ScottMelker #YahooFinance
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