Why Bitcoin Just Broke $93K — And What’s Next

$BTC is back above $93,000 for the first time since March.

Despite NASDAQ entering bear market territory, BTC is heading higher.

Here's what's driving this BTC rally: 🧵👇

First of all, like and repost the first tweet to continue these bull run vibes.

Today, BTC pumped above $93K for the first time in 7 weeks.

This move was not speculation but rather based on some emerging bullish narratives.

Let's dive into them

1) Tariffs negotiations

The White House said that over 30 countries are currently in talks with the US for tariff negotiation.

Countries like India have already made the deal, while several others will announce soon.

But this wasn't all..

The White House also said that the US is moving "very well" on a potential trade deal with China.

Donald Trump also said that tariffs on 🇨🇳China won't be as high as 145% and will gradually go lower with time.

This only indicates one thing: Trade war resolution is coming, and BTC has sensed that already..

2) Institutional accumulation

Yesterday, Bitcoin ETFs recorded their largest daily inflow in 3 months.

Since the ETFs approval, the BTC price has been moving very closely with inflows.

When inflow rises, BTC pumps, and the same has started to happen again.

But why are institutions buying $BTC?

Decoupling with US stocks and catching up with Gold.

Both these things are more than enough for institutions to accumulate BTC before it breaks above $100,000.

3) Rising liquidity

BTC price follows Global money supply.

Just recently, Global M2 supply hit another ATH.

This means BTC will definitely follow and hit a new ATH.

Although BTC and Global M2 supply don't have a 1:1 correlation, BTC usually hits a new ATH 10-12 weeks after global money supply hits a new ATH.

This means BTC could hit a new ATH in Q2, and currently smart money is buying at cheap.

4) Monetary easing

PBOC is already printing money.

BOJ is discussing starting a QE program.

Meanwhile, #Trump is forcing Powell to do rate cuts.

Even if these things take 2-3 months, markets always price in these events way before.

This is what's happening with BTC now, as it's front-running the upcoming QE program..

5) Short squeeze

After BTC moved to $88K, a lot of short positions were opened.

Most people thought that #BTC wouldn't go above $90K, and we know what happened.

A lot of spot demand came on Binance and Coinbase, which caused a massive short squeeze and price pump.

How high could BTC go?

BTC is up nearly $10,000 in a few days, so a small correction makes sense here.

The funding rate has also turned positive now, which means late longs will most likely get flushed.

After that, I'm expecting another leg up towards $100K in May/June.