Bitcoin clears $85K as Nansen eyes $87K and $90K targets
- —Bitcoin held above $85,000, with Nansen targeting $87,000 and $90,000 next
- —The largest BTC traders on Hyperliquid remain net short despite the breakout
- —Coinbase premium turned positive and USDT/USD rose from 0.9991 to 0.9998
- —U.S. spot Bitcoin ETFs drew about $6.2 million in net inflows over five sessions
Why it matters: Continued ETF demand could force under-positioned traders to chase the rally, while weak inflows or rising Treasury yields would leave it exposed to a reversal.
Source: crypto.news