Bitcoin reclaims $80,000 as flows build, but traders hedge and doubt a breakout
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- Iran ordered Indian vessels to abort Strait of Hormuz passage and shut the strait, heightening geopolitical risk.
- U.S. spot bitcoin ETFs attracted $2.7 billion in inflows over the past three weeks, pushing total net assets above $100 billion.
- FlowDesk reported growing appetite for leveraged long positions, especially in ether and NEAR, indicating fast‑money influence on price.
- Polymarket odds give a 56% chance Bitcoin reaches $85,000 this month but only 23% for $90,000, reflecting limited breakout confidence.
Why it matters: Crypto investors gain $2.7 billion in ETF inflows, but traders face reversal risk as spot demand stays thin; a slowdown triggers sell‑off, hurting leveraged positions and market confidence.
