Bitcoin (BTC) Rally Driven by Short Covering, Not Fresh Leverage: QCP
Bitcoin’s recent uptick faces questions as liquidity remains narrow, the Fed stays hawkish, and fresh leverage has yet to emerge. Bitcoin has gained almost 23% over the past month, but a few choppy sessions briefly dragged the asset below $76,500. BTC has since stabilized above $77,700 following a minor 1.4% surge on Thursday. The…
