Crypto market cap jumps 5% toward $3T on $900M short squeeze and $1B ETF inflows
- —Total crypto market cap climbed over 5%, approaching $3 trillion
- —More than $900 million in shorts were liquidated on September 21
- —Bitcoin ETFs drew about $1 billion in net inflows that day
- —Coinbase Premium Index stays below zero, pointing to weak U.S. spot demand
Why it matters: Without stronger Coinbase Premium and ETF inflows, the rally may fade into consolidation as it did in August.
Source: AMBCrypto