Is the bull market really back this time? Something big brewing?
1⃣ $BTC pushed sharply to $76K, while $ETH jumped 8% to around $2,300.
Momentum is clearly improving. If the market fully shakes off extreme fear sentiment, we could see another short-term rally phase.
2️⃣ In the past 24 hours, $570M in liquidations occurred across the market:
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125K+ traders liquidated
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Long liquidations: $125M
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Short liquidations: $446M
This rally was largely driven by short squeezes.
3️⃣ Influencer trader Machi Big Brother increased his $ETH long position and opened new $BTC and $HYPE longs.
The rally clearly boosted his confidence again.
4️⃣ MicroStrategy (Strategy) has turned profitable again on its Bitcoin holdings, now sitting on about $120M in unrealized gains.
Corporate Bitcoin conviction remains intact.
5️⃣ Venus Protocol suffered a flash loan attack, causing roughly $2.15M in bad debt in the THE liquidity pool.
A suspected attacker reportedly withdrew 7,400 ETH from Tornado Cash to execute the liquidation.
The protocol has temporarily suspended THE borrowing and withdrawals.
6️⃣ At Nvidia GTC, CEO Jensen Huang announced that seven chips from the Vera Rubin architecture have entered mass production.
He also projected $1 trillion in future computing demand orders.
7️⃣ Donald Trump said Iran wants to reach an agreement and is currently in talks with the U.S.
He added:
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The war will end soon, but not this week
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The Federal Reserve should hold a special meeting to cut rates immediately
Trump is clearly back to trying to influence markets with rhetoric.
