Markets· ★★★★· bullish·

Bitcoin Hits $87,400 on $999M ETF Inflow and Short Squeeze

  • —Spot Bitcoin ETFs drew $998.95 million in a single day, the most in nearly a year
  • —Short squeeze wiped out over $340 million in bearish positions
  • —BTC moved through $80,000–85,000 with little resistance due to thin historical activity
  • —Coinbase Premium Gap turned negative, signaling cooling U.S. spot demand
Why it matters: Further gains hinge on sustained ETF inflows; without them, BTC may stall at the $85,000–95,000 resistance zone.
#BTC
Source: Cryptonews.net
More on this
Markets · Sep 23
Bitcoin Breaks $85,000 as ETF Inflows Hit $435M and XRP Options Heat Up
 Regulation · 21:51
CLARITY Act failure hits Coinbase, Circle and Strategy as shares fall 5–10%
 Regulation · 19:56
China's central bank reaffirms crypto ban, bars offshore yuan stablecoin issuance without approval