★Bitcoin price today: hits 6-wk high above $74k as short liquidations provide boost

"Bitcoin's breach of $74k, fueled by short liquidations, signals robust underlying demand and a potential market structure shift towards less leveraged, more conviction-driven capital. This price action, absent significant new institutional inflows, suggests a re-risking among existing holders and could precede broader institutional re-engagement as perceived market stability grows. Sustained upward momentum challenges bearish narratives, potentially influencing regulatory perspectives on crypto's systemic relevance."