Eh What's Up Doc Bitcoin Skyrockets After Trump Tames Trade Tensions!

Of course you realize this means war Bitcoin's Big Bounce

Eh what's up Doc? Yours truly Bugs Bunny reportin' live from the financial burrow! Seems like that ol' Bitcoin took a hop skip and a jump this week climbin' higher than Yosemite Sam's temper! President Trump toned down the chin music with China and took it easy on ol' Jerome Powell at the Fed and BAM! Bitcoin goes zoomin' past $92,000! It even brushed up against $94,000 the sneaky varmint. Feels like it's sayin' "Ain't I a stinker?" as it claws back losses from Inauguration Day.

Sufferin' Succotash! Experts Weigh In

Now some market fella named Joel Kruger over at LMAX (sounds like a cartoon villain's lair dontcha think?) says this jump is just folks finally realizin' Bitcoin's a smart cookie for their portfolio. Diversification hedge against uncertainty… sounds like Elmer Fudd tryin' to say "respectability!" This ain't no ordinary hare brained scheme!

ETFs: Eh The Money's Comin' In Doc!

And get this! Those Bitcoin ETFs those exchange traded whatchamacallits are seein' some serious dough! They logged over $900 million in a single day! That's more carrots than I can shake a stick at! Seems people are bettin' big on Bitcoin bein' a safe haven while the stock market's doin' the jitterbug and the dollar's takin' a nosedive.

Short Sellers Oh the Humanity!

But here's the real kicker: Those pesky short sellers the ones bettin' *against* Bitcoin are gettin' their tails handed to 'em! They're scramblin' to buy back Bitcoin to cover their tracks which only makes the price go higher! It's like watchin' Yosemite Sam try to catch me – pure comedy gold! Over $300 million in short liquidations they said! "I'll pulverize ya!" Nope looks like Bitcoin did the pulverizing.

Is Spot Demand the Answer? I Ask You!

Now a fella named Julio Moreno from CryptoQuant (I bet he's got a cool lab coat!) says spot demand that's Bitcoin actually being bought and held has been kinda slow. But it's pickin' up speed! He's warnin' though that it's gotta get back to late 2024 levels to keep this party goin'! Seems like this is it eh? He needs demand at that level to see new all time highs for Bitcoin or things may stay more or less status quo!

That's All Folks… For Now!

So there you have it folks! Bitcoin's doin' the rumba the dollar's divin' and short sellers are wishin' they'd stayed home. Will it last? Only time will tell but for now it's lookin' like the hare wins again! Heh heh heh! That's all folks!