Bitcoin (BTC) climbed back above the $93,000 level this week as improving liquidity conditions and a major shift in institutional policy helped stabilize market sentiment following sharp volatility.

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The move follows a month-long slide that erased nearly 20% from recent highs and raised questions about whether the broader uptrend was losing strength. Consequently, about $250 million in BTC short positions have been liquidated.

Institutional Access Expands as Vanguard Lifts ETF Ban

The most notable catalyst for the rebound came from Vanguard, which reversed its long-standing ban on Bitcoin ETFs . The decision immediately opened access to tens of millions of retail accounts and allowed products such as BlackRock’

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