Bitcoin Clears $86,000 — Who's Behind the Move Matters

Alex Royce in crypto, @alex_royce_btc

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Bitcoin Clears $86,000 — Who's Behind the Move Matters Bitcoin broke above $86,000 this week in a pattern that mirrors August's rally: spot Bitcoin ETFs resumed buying and short sellers were forced to cover positions as prices climbed. The August precedent is instructive. ETFs bought for nine consecutive trading days, short covering added momentum, but when ETF inflows dried up, the rally stalled. Analysts are watching whether the same dynamic plays out now — sustained ETF demand would support the level, while a repeat of fading institutional flows could leave the breakout on fragile footing. Source Trade on Binance

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