$BTC Surges Past $90K on Improved Risk Sentiment


A surge in buying pressure pushed $BTC past $90,000 for the first time in nearly a week on Wednesday. The uptick was driven by improving risk sentiment rather than a #crypto-specific catalyst, according to Singapore-based trading firm QCP Capital's Thursday report.


The move began after an intraday low of $86,400 and was sustained without major pullbacks. $BTC climbed 5.3% over the past 24 hours and is currently trading close to $91,500.


The bullish turnaround, after weeks of sustained downtrend, caught bears off guard, triggering $241 million in short liquidations over the past 24 hours, per Coinglass. This figure represents more than triple the amount of long liquidations recorded during the same period.


The S&P 500 index confirmed a fourth consecutive up-close candlestick on the daily timeframe on Wednesday, aligning with $BTC's bullish retest of $90,000. Markets have repriced the likelihood of a December rate cut by the Federal Reserve, with an 85% probability that the Fed will slash interest rates by a quarter point in December, according to the CME FedWatch tool.


The balance of Fed commentary has shifted slightly toward easing, with four officials signaling support for cuts, two remaining neutral, and six still opposed, according to QCP's report.

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November 27, 2025 at 7:41 PM
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