Bitcoin Price Surges Past $81,000 Amid Renewed ETF Inflows
Bitcoin extended its recent rally, briefly surpassing $81,000 as renewed inflows into spot bitcoin exchange-traded funds (ETFs) and improved risk appetite fueled the upward momentum. The cryptocurrency had already gained more than 20% in three days earlier this week, marking one of its strongest performances since late 2023. The surge was partly driven by a short squeeze that liquidated over $4 billion in bearish positions as prices climbed. Institutional demand also returned, with U.S. spot bitcoin ETFs attracting nearly $1.92 billion in net inflows last week—the largest weekly amount since October 2023 when Bitcoin reached its previous peak. Analysts remain cautious about the sustainability of the rally but noted signs that this move could be more durable than past rebounds, including increased trading activity and confidence-building options market behavior.
Topics: Bitcoin ETF inflows price surge risk appetite