The Block (@TheBlockCo): THE BLOCK: Bitcoin climbed above $72,000 for the first time since May after a record $2.75 billion in short liquidations helped accelerate a broader c…
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
- BTC+85Positive
THE BLOCK: Bitcoin climbed above $72,000 for the first time since May after a record $2.75 billion in short liquidations helped accelerate a broader crypto rally fueled by improving macro and regulatory sentiment. Analysts say the move is being supported by genuine spot and ETF demand, though $BTC will need to hold above $70,000 to show the rally can outlast the short squeeze.