Bitcoin Rebounds Above $115K on Macros + Liquidation Relief

Crypto is back in focus, Bitcoin surged above $115,000 today as risk on sentiment rose and short positions were flushed.

What’s driving it

• Macro/Trade: U.S.–China trade optimism and weaker dollar expectations pushed risk assets higher.

• Technical/flow, Large short liquidations (~$373 million) in Bitcoin futures and structured products added fuel.

• Sentiment, Crypto’s “fear & greed” index moved back to neutral for the first time in weeks, signaling reduced downside pressure.

Key considerations

• Alt coins, Ether, BNB and other large cap cryptocurrencies also strengthened suggestive of broadening strength.

• Policy risk remains, Regulatory clarity, ETF flows, tokens’ tokenomics still matter.

• Correlation with equities, Crypto continues to behave increasingly like a high beta equity rather than a stand alone class.

What to watch

• ETF or institutional announcements in the crypto space.

• Overall crypto market capitalization and alt coin performance to assess breadth.

• On chain metrics, futures funding rates, large wallet flows, exchange outflows.

• Macro triggers, upcoming inflation data, Fed commentary, trade headlines.

  
  

  Bitcoin’s break above $115K is noteworthy and reflects an improved macro backdrop, but caution remains given crypto’s past volatility and structural challenges.