Bitcoin ETFs Pull In $1 Billion Monday, But Short Squeeze Started the Rally
- —Spot Bitcoin ETFs took in nearly $1 billion on Monday, Sept. 21
- —A short squeeze liquidated $262.3 million an hour before ETF money arrived
- —ETFs saw outflows on five of six trading days from Sept. 9 to Sept. 16
- —IBIT holds 785,640 BTC, more than four times FBTC's 176,510 BTC
Why it matters: ETF flows appear to extend an existing rally rather than spark it, so traders should watch derivatives positioning alongside fund data.
Source: BeInCrypto