'Improving Risk Sentiment' Driving Bitcoin's $90K Retest: QCP► https://t.co/a8Chb3FEQK https://t.co/a8Chb3FEQK ...

Core Insights - Bitcoin's price surged past $90,000 for the first time in nearly a week, driven by improving risk sentiment rather than a specific crypto catalyst [1] - The cryptocurrency is currently trading close to $91,500, reflecting a 5.3% increase over the past 24 hours [2] - The bullish turnaround in Bitcoin has led to significant short liquidations, totaling $241 million, which is more than triple the amount of long liquidations [2] Market Sentiment - The S&P 500 index confirmed a fourth consecutive up-close candlestick, aligning with Bitcoin's bullish movement [3] - There is an 85% probability of a Federal Reserve interest rate cut by a quarter point in December, as indicated by the CME FedWatch tool [3] - Users on the prediction market Myriad also place an 83% chance on the Fed cutting the interest rate by 25 basis points in December [4] Risks and Outlook - Despite a shift towards easing in Fed commentary, there are still mixed signals from officials, with some remaining neutral or opposed to cuts [5] - Bitcoin's performance is increasingly reflective of broader financial market sentiment, influenced by macroeconomic factors [5] - Potential risks include the delisting of MicroStrategy from the S&P 500 index, which could negatively impact Bitcoin [6] - Institutional flows in options markets indicate a likelihood of Bitcoin remaining range-bound, with $2 billion observed this week [6] - Analysts suggest that Bitcoin may face challenges in rallying beyond $95,000 due to ETF-related distribution, while the $80,000 to $82,000 zone serves as a key support area [8]

QCP notes that Bitcoin is tracking broader risk sentiment, retreating during the U.S. session and stabilizing around $103k in Asia. While the U.S. government shutdown continues, the Senate has passed a stopgap bill extending funding to January 30, 2026, with markets expecting a resolution between November 12–15. Weak ADP data has reinforced expectations of a cautious Fed. In the near term, policy developments remain key, with year-end Bitcoin performance hinging on Fed signals and corporate earnings support ...

Barclays is seizing on an improvement in risk sentiment to sell its first euro currency AT1 debt since 2014 https://t.co/4rJIIgoGl1 ...

Emerging Asian stocks jumped to their highest in more than four years and currencies climbed as risk sentiment improved on signs of easing trade frictions with the US https://t.co/Vfyaq769zM ...

China’s 30-year government bond auction on Thursday drew its highest yield since March, as risk sentiment improved and concerns over further losses cooled demand for debt. https://t.co/4mNaLfZmCQ ...