#加密市场上涨

As Bitcoin approached $74,000, $30 million worth of short positions were liquidated.

The White House officially nominated Bitcoin supporter Kevin Warsh as its Federal Reserve Chairman nominee.

Bitcoin has risen approximately 11% since yesterday. Gold has fallen 3%. A sharp divergence has occurred.
The White House's nomination of crypto-friendly Kevin Warsh to head the Federal Reserve (Fed) resulted in the liquidation of over $530 million in Bitcoin (BTC) short positions in just a few hours, triggering a general rally in the cryptocurrency market.

Bitcoin has risen 9% in the last 12 hours, adding $123 billion to its market capitalization. Ethereum (ETH) gained $26 billion in value during the same period, an increase of 11%.

Bitcoin short sellers caught off guard: White House officially nominates pro-Bitcoin Fed Chairman

Bitcoin has climbed back above the psychological $73,000 level and is currently trading at $73,555.
This surge triggered a liquidation chain in short positions in derivatives markets. According to data, approximately $30 million worth of short positions were liquidated in the last hour alone. Total liquidations in the last 24 hours reached $530 million.
Short sellers were caught off guard. Traders who had opened positions against BTC and ETH were squeezed by the sharp price increase, and mandatory buybacks further strengthened the upward momentum.

Warsh's Nomination Was a Macro Catalyst

The policy catalyst behind the rally came from Washington. The White House formally nominated Kevin Warsh, a former Federal Reserve (Fed) governor and a positive view of digital assets, to chair the Fed for a four-year term.

The White House announcement stated: “It has been decided that Kevin Warsh of Florida will be appointed Chairman of the Federal Reserve Board of Governors for a four-year term, and Kevin Warsh of Florida will be appointed to the Federal Reserve Board of Governors for a fourteen-year term, effective February 1, 2026.”

Meanwhile, the divergence between Bitcoin and traditional safe havens intensified. Bitcoin grew by almost double digits, while Gold fell by 3 percent. This striking difference illustrates a shift of capital from traditional stores of value to digital assets.
Warsh's nomination and Saylor's public statements suggesting that 'more BTC can be bought from sellers' indicate that macroeconomic policy expectations and institutional positioning are now taking center stage in the market.
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