Bitcoin Reclaims $80,000 on ETF Inflows, Short Squeeze — SkimNews
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- Bitcoin reclaimed the $80,000 mark, with Strategy Stock and Coinbase also surging as the rest of the crypto market joined the rally.
- BTCUSD rallied on $591M in ETF inflows and a short squeeze, with CFTC action cited as an additional catalyst driving the move upward.
Why it matters: The $591M in ETF inflows combined with forced short-covering indicates institutional repositioning is behind the move rather than purely retail buying, meaning leveraged positioning could amplify a reversal if momentum stalls near $80,000.
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