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Bitcoin's price rose above $92,000 after a $13.5 billion liquidity boost from the Federal Reserve, adding over $250 billion to the crypto market cap in 48 hours.
Bitcoin's Profit-Loss sentiment is at -3, signaling a structural correction. The asset has seen a -32% drawdown, putting it in a risky 'intermediate zone' between correction and capitulation.
The CFTC's approval of spot Bitcoin trading is expected to boost Bitcoin's legitimacy, similar to gold trading in the 1970s, potentially increasing institutional investment and liquidity.$BTC $GT $GT