Well, well, well. Looks like the Bitcoin short sellers just got a surprise hotter than a London summer. Over $530 million in BTC shorts? Liquidated. Ouch. All because the White House decided to nominate Kevin Warsh, the crypto-friendly Fed Chair whisperer, and suddenly everyone’s like, “Wait, Bitcoin’s a thing again?”
Bitcoin’s up 9% in 12 hours, adding a cool $123 billion to its market cap. Ethereum’s not slouching either, up 11% and pocketing $26 billion. Someone call the therapist, because these numbers are giving me emotional whiplash.
Bitcoin’s back at $73,413, reclaiming that psychological level like it’s the last slice of pizza at a party. Short sellers? More like short-sighted sellers. Coinglass says $30 million in shorts got blown out in the last hour alone. That’s a lot of tears in the crypto trading chat rooms.
And let’s not forget the macro tea: Kevin Warsh, the man who probably has “Bitcoin” tattooed on his heart (metaphorically, of course), is now the Fed Chair nominee. Washington just served the crypto market a hot cup of “We see you.”
“Kevin Warsh, of Florida, to be Chairman of the Board of Governors of the Federal Reserve System for a term of four years. Also, he’s probably already Googling ‘how to stake ETH.’” – The White House, probably.
Meanwhile, Gold’s down 3%. Sorry, shiny rock, but Bitcoin’s having a moment. Capital’s rotating faster than a fidget spinner at a middle school. Velo (@velo_xyz) said it best:
Since yesterday:
Bitcoin: +11%
Gold: -3%Wild.
And then there’s Michael Saylor, casually dropping truth bombs like, “We can buy more Bitcoin than they can sell.” Sir, this isn’t a flex, it’s a public service announcement. The market’s now driven by macro policy and Saylor’s shopping list. Buckle up, folks.
We can buy more Bitcoin than they can sell.
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2026-03-04 21:23