TL;DR

Bitcoin took a nosedive below $100K, wiping out over $1.7 billion in long positions, but smart money (whales and ETFs) swooped in to buy the dip, sparking a sharp rebound. Traders are debating whether this is a fake bounce or the start of a fresh bull run.

With the U.S. government shutdown ending, up to $850 billion could soon flood the markets—fuel that might push BTC to new highs. Keep an eye on $100K as crucial support and $112K as stiff resistance; whichever way BTC breaks next will likely dictate the next big move.

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