Japan’s Liberal Democratic Party victory sparked short-term optimism across both equity and crypto markets on Feb. 9.
Nikkei 225 briefly surged past 57,000, while Bitcoin rallied from $70K to $72,174 before retreating below $69K.
The brief “fakeout” triggered nearly $82M in short position liquidations.
Market moves highlight how political events can create temporary momentum but crypto volatility remains high.
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“$72K peak, $69K retreat — $82M shorts liquidated”