EconomyMassive ETF outflows threaten Bitcoin’s fragile $86,000 rally
Bitcoin’s 11.65% weekly rebound showed stronger spot and on-chain participation, with the price reaching about $86,000. Glassnode said spot taker flow turned from net selling to net buying, but futures open interest, funding and profit-taking were elevated. More than $648 million in crypto short positions had previously been liquidated, leaving the rally exposed to leverage risks.
Massive ETF outflows threaten Bitcoin’s fragile $86,000 rally
Economy