BiyaPay Analyst: Bitcoin makes a rapid V-shaped reversal, surging from $83,000 to $93,000

According to TechFlow, on December 3, BTC rebounded strongly, surging from $83,000 to above $93,000 within a day, up over 7% in 24 hours, and briefly reaching $93,660; ETH broke through $3,000, rising more than 10% in 24 hours. Coinglass data shows that approximately $435 million in positions were liquidated across the network in the past 24 hours, with short positions accounting for over $360 million, mainly driven by short squeezes. BiyaPay analysts pointed out that this sharp rally was mainly fueled by multiple positive factors, including increased expectations of a Fed rate cut in December, “dovish” Hassett being seen as a top candidate for the next chairman, and improved liquidity due to the end of quantitative tightening. However, short-term volatility is expected to intensify. Investors are advised to control leverage, build positions in batches, and use BiyaPay’s multi-asset accounts to diversify positions among Bitcoin, Ethereum, and U.S. tech stocks.