Group 1 - Bitcoin (BTC) rallied to $69,000 following President Trump's State of the Union address, despite him not mentioning Bitcoin or crypto during the speech [1] - BTC experienced an almost 8% increase on Wednesday due to renewed spot Bitcoin ETF inflows, reversing a trend of nearly $4 billion in outflows over five weeks [2] - Short liquidations contributed to the rally, with approximately $380 million liquidated in 24 hours, indicating forced buying from traders [3] Group 2 - Polymarket predicted a 27% chance of Trump mentioning Bitcoin or crypto, which did not occur, but other predictions about the speech were accurate [2][4] - The current BTC price movement is being compared to previous midterm-year bear markets, suggesting a potential bull trap rather than a true cycle bottom [6] - Market sentiment on Polymarket indicates skepticism about BTC reaching $80,000 soon, with a 61% chance of hitting $60,000 first [7]
Trump Talked For 107 Minutes, But Didn't Mention Bitcoin: Why Is BTC Rallying?
Benzinga·2026-02-25 20:36