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BTC reclaimed $70,000 today. Up 5% over the past 48 hours with short liquidations exceeding $415 million. The Fear & Greed Index climbed back from 15 to 42. Many people are asking the same question right now: Is this a geopolitical bounce, or is it really going up?
My answer is: This time is different—but not in the direction you think.
First, on the surface this bounce is Trump announcing a 5-day extension on the Strait of Hormuz