Overview
- Bitcoin climbed to roughly $93,000, a two‑week high, with ether back above $3,000 and several large‑cap tokens posting double‑digit gains.
- About $400–$460 million in short positions were liquidated over 24 hours, pointing to a short squeeze that accelerated the move in thin liquidity.
- Vanguard opened its platform to crypto ETFs and mutual funds, and Bank of America said a 1%–4% crypto allocation may be appropriate for some clients.
- The rebound follows record November net outflows of about $3.79 billion from bitcoin ETFs as institutions trimmed exposure during the drawdown.
- Macro cues remain decisive as traders eye the Fed’s December meeting and potential BOJ tightening, while on‑chain data shows renewed movement in 3–5‑year dormant coins.