Wall Street and Washington Fuel Bitcoin Rally

The composition of this move matters more than its size: institutional demand, macro tailwinds and a softer regulatory tone are structural inputs, whereas the short squeeze is a mechanical accelerant that fades once positioning clears. That distinction separates a durable bid from a reflexive pop, and it shapes how much of the rally survives the next macro data point. The open question is whether the policy friendliness translates into concrete legislative or agency action, or remains sentiment that can reverse quickly.