Short squeeze sends Bitcoin to $72,000 and erases $1.6 billion

Bitcoin is no longer a decentralized hedge; it’s a tool of the state. A single White House meeting and a Treasury policy shift just wiped out $1.74 billion in shorts in one hour. With the U.S. doubling bond buybacks and Trump floating plans for the government to buy "sizable" amounts of Bitcoin, Washington is now the ultimate whale. Can Bitcoin truly be the "people’s currency" if its price is dictated by government intervention? Or is the dream of independence dead?
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