US stocks opening sparks the crypto world: The logic behind Bitcoin breaking 90,000

【Crypto World】As the US stock market opened on Wednesday, a wave of market activity hit the crypto circle. Bitcoin surged back above $90,000, and the precious metals sector (especially silver) also rose strongly. One of the behind-the-scenes drivers is Federal Reserve Board member Christopher Waller’s dovish signals, which instantly ignited market sentiment.

However, to be clear, this rally looks fierce, but data shows that the truth is a bit different—mainly short sellers are covering losses rather than new long leverage entering the market. In other words, this is a “forced rally,” not an active influx of new capital. The synchronized strength in precious metals further confirms that the market is re-pricing risk assets, and the adjustment of Federal Reserve policy expectations is spreading throughout the entire market.