BTC just clawed its way back over the $93,000 mark, and the rebound's got some serious momentum behind it. What's driving this? Two big forces are in play here.

First up: short squeeze carnage. When Bitcoin dipped earlier, a wave of leveraged shorts got wiped out as prices reversed course. Those forced liquidations created a chain reaction—buying pressure that pushed prices higher, which triggered even more liquidations. Classic squeeze dynamics.

But there's more than just technical fireworks. Fresh institutional money appears to be flowing back in. Seems like some major players are positioning ahead of the upcoming Federal Reserve meeting, potentially anticipating policy signals that could impact risk assets. Whether they're front-running dovish expectations or just buying the dip, the appetite's clearly there.

Timing matters too. With the Fed decision looming, market participants are recalibrating strategies. Bitcoin's sensitivity to macro policy has only grown as institutional adoption deepens, and this price action reflects that reality.

Short-term traders got burned, institutions are accumulating, and all eyes are now on what Powell might signal. The $93K level—once resistance—now serves as a psychological floor that bulls are defending hard.