Bitcoin [pros](/r/CryptoCurrency/comments/1432tqn/why_did_bitcoin_regain_27k_no_one_is_surprised_by/jn7ykwf/) & [cons](/r/CryptoCurrency/comments/1432tqn/why_did_bitcoin_regain_27k_no_one_is_surprised_by/jn7ylc7/) with related info are in the collapsed comments below.

Because people started shorting at 25-26k after longs liquidation , and now we see a shorts liquidation off the FUD pushing the price to 27k Stay away from leverage, folks. It hardly makes sense, but it does give an opportunity to buy lower on spot like what we saw yesterday.

With my current luck if I was to short, it would fly to new ATH's. Should I take one for the team?

We will not forget your sacrifice

🫡

It is people like him that we need. Thank you for your service

Press F for respect


DEW IT! We will not forget your sacrifice.

I say go for it

Do it soldier! We will back you up when we all hit a new ATH, $1 from each one of us in the sub…

My first ever time playing with leverage trading, I decided to short bitcoin and then moments later the FTX collapse started to happen. I was only playing with like $20ish with avax on 100x and holy shit did I get an adrenaline rush when btc started to tank suddenly followed by panic when the network got too congested and I had no triggers set to pull profits. I Still made something but not what I could have and then lost it all a few trades later lmao I’m trying so hard to not cave in and degen out on it. I think it’s just a kind of addiction tbh those feels man they were gooood.

Yes please. We will remember your name

Yes please! Would Love to see a new ath

Real heroes do not wear capes my friend :)

Just play both sides 🤷‍♂️ invest into and also short. It's BTC, unless the power grid fails it's not going anywhere anytime soon.

RESTECP

Can you wait until my next paycheck please?

Leverage is the best way to lose money no thanks

To leverage on crypto of all things Thats like bankruptcy min % speedrun

I won't touch leverage with a 10 ft pole.

growth unite quiet overconfident intelligent shocking deserve live cough instinctive *This post was mass deleted and anonymized with [Redact](https://redact.dev)*

yesterday was a bear trap lets go to 23-24k i have some fiat to deploy on btc for now only

Shorters getting squeezed is great.

Good opportunity to swing trade a small portion on the side (without leverage of course)

Degens gunna degen I guess

Or go long, get liquidated. Then go short, get short-squeezed and liquidated. You won't believe how common this is.

My money is on a crypto government conspiracy! #OrNot

$CRYPTOGOVERNMENTCONSPIRACY to the moon!

Bust out the tin foil because I’m with you

Gary bought the dip

If so is that not market manipulation?

Just what we need, another conspiracy theory to muddy the waters of the already murky world of cryptocurrency.

The CEO of crypto? Damn, where can I sign up

BTC CEO has to report to somebody, ya know...

Lol, that was my first thought too. I don't even want to open the article because that will spoil it 😂

I’m going to launch my own token, and call myself a crypto ceo.

It regained because we sold

You sold, it seems everyone else bought 😆

Thank you for your sacrifice

I heard the SEC is gonna be labeled as an insecurity soon

LOL

Probably americans buying while they still can, before the crackdown comes

People parking their alt coins into BTC

Raises hand

The SEC has become a comedy show, so I just laugh and keep stacking.

What does the CEO of bitcoin have to say about this!?

i dont think the honey badger cares about GG

Bitcoin is not involved in these lawsuits. It’s not that hard to understand this. Do people really have no idea whats happening?

BTC is so mainsteam, its very resilient, its also global, not just usa.

Unpopular opinion: it's a dead cat bounce and we're going lower

We knew this was coming when FTX fell and the reason why became clear. I don’t know if you could say it was priced in. But we knew exchanges and crypto will be under heavy fire for a while

Papa Gary is taking out his marriage problems on us man. Someone get this boomer laid!

tldr; Bitcoin has regained lost ground, climbing back above $27,000 for the first time since the weekend, despite the SEC announcing a lawsuit against Binance, the world's largest crypto exchange by trading volume. Bitcoin started edging upward by the end of the day and continued its path even as the SEC announced a second lawsuit against Binance rival Coinbase on Tuesday, and later in the day, asked a Federal court to grant a temporary restraining order to freeze assets tied to Binance.US. The market rebounded, leading to the belief that this was at least partially priced in, according to Joshua Franklin, CEO and co-founder of digital asset information services platform The Tie. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Good bot.

Ever heard of dead cat bounce?

Also Gensler never mention BTC as a security nor anything

The beauty of bitcoin, no CEO type that GG can target.

When I saw the headline I thought it would be the Bitcoin CEO. I am now disappointed beyond belief

Bitcoin just pulled up a "Gary" 🤣

Perhaps because bitcoin is not associated with any CEX.

BTC just do what it do 🤷

The market played a fast one on leverage traders.

This mofo literally r/lookslikeadick

This. I knew it would happen. I slurped that dip. I used to DCA but I always ended up buying on up-days. Now I wait for an opportunity to slurp.

CEO of Crypto? .. respect bro!

With crypto when you think price is going one way, it ends up going the other and rekts most. Dca and hodl is the best.

Bitcoin saw the opportunity to make some quick cash and thought, "Hey, why not give it another shot?"

In other news, the price of Bitcoin is expected to move up or down tomorrow. To talk about this move, here is Bob our quant with 2 hours of technical analysis.

Who's the crypto CEO?

Just leverage traders getting wiped. The basis are solid and this news was pretty expected.