HTX analyst: Bitcoin up 16% in a week, but rally hinges on ETF inflows
- —Bitcoin gained about 16% in a week, hitting $87,307 on Sept. 21, its highest since January
- —Spot Bitcoin ETFs drew roughly $1 billion on Sept. 21, the largest single-day inflow this year
- —About $650 million in shorts were liquidated in 24 hours; futures open interest tops $61 billion
- —Funding rate is near 0.01%; resistance sits at $87,500 with support at $84,000–85,000
Why it matters: Sentiment is in extreme greed territory, so without sustained ETF inflows, heavy leverage could amplify a pullback.
Source: PANews