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Why $BTC is pumping 📊 $85K. Highest since January. 3 things: 1) ETF bid is back. Hundreds of millions last week after the dump. 2) Shorts got wrecked again. $300M+ BTC shorts liquidated today. 3) Regulators moved without Congress. SEC tokenized-stock path + CFTC rules to the White House. CLARITY died. Agencies didn’t. Oil eased. Risk-on. Fed hike was already priced. This is squeeze + flows, not a new cycle high. $82.6K was the first close. $85K is the extension.