Bitcoin climbed from $77,079 yesterday to $80,984 today, a gain of $3,905 or 5.08% in 24 hours.Not noise. Two macro catalysts converged: a Fed Governor signaling rate-pause support and suspected Bank of Japan yen intervention driving dollar weakness. Together they triggered $415 million in short liquidations and pushed Bitcoin to its highest level within the current 30-day range. Near-term risk has shifted: RSI at 71.62 is approaching overbought territory, and the jobs report due today at 08:30 ET could test whether the macro tailwind holds.
Bitcoin surged 5.08% to $80,984, reclaiming the $80,000 level as DXY weakened on suspected yen intervention and Fed Governor Waller signaled openness to a rate pause.
$415 million in short positions were liquidated across derivatives markets, amplifying the move higher and resetting perpetual funding to 0.60 basis points annualized.
Bitcoin ETF net inflows rebounded to $101.15 million on Wednesday after their worst outflow since July, returning to near the 30-day average of $95.4 million per day.
The 90-day BTC-gold correlation reached a six-year high of 0.56 while BTC-S&P 500 correlation sits at 0.28, the widest gap in recent data, consistent with Bitcoin trading as a monetary hedge rather than pure risk-beta today.
Hash rate holds at 932 EH/s and fees remain at 1 to 2 sat/vB, confirming the network is operating without stress and miner economics remain stable at current price levels.
Market Snapshot
Market Cap
$1.63T
24h Volume
$40.47B
Dominance
59.4%
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