BTC jumped to roughly $115,500, as risk appetite returns with broad market cap rising to over $3.9 trillion.
A short squeeze produced roughly $392 million of liquidations and wiped out ~101,591 traders, with Bitcoin shorts accounting for about $87 million.
Macro catalysts including a good spin in the U.S.–China trade rhetoric and a dovish Fed outlook drove the move. Powell and the Trump–Xi headlines remain primary regime drivers.
Derivatives structure is mixed: funding stays muted/negative and open interest elevated which signals that rallies are real but fragile, subject to quick deleveraging.
Tactical posture: reduce headline sensitivity with staggered sizing; favor core BTC exposure, selected ETH and SOL risk, and maintain cash buffer for volatility.
Bhutan has hired 3iQ to earn yield on part of its Bitcoin and given Gelephu a central bank that can hold crypto, while disclosing less and less about the coins themselves.
A royal decree turns the Gelephu Financial Services Office into the Gelephu Central Bank, with monetary policy, reserve and payments powers and a path to a city currency. The timetable and its relationship with Bhutan's national central bank are unclear
Withdrawals reopened Sunday with a $3.6 billion net outflow and a proof-of-reserves snapshot is out, but Binance has not published its technical post-mortem or said how attackers got in beyond a compromised laptop
The bank says Hong Kong is the first market in its group to get the product for corporate clients, which settles between banks in central bank money around the clock. Blockhead reported a Singapore launch with Ant International in December
