Overview
- U.S. spot Bitcoin ETFs logged roughly $754–$760 million in single‑day net inflows, led by Fidelity, with Bitwise and BlackRock also posting sizable creations.
- CoinGlass data showed roughly $700–$800 million in crypto shorts liquidated over 24 hours, mechanically adding buy pressure as price pushed higher.
- U.S. inflation held near 2.7% on the latest CPI reading, easing fears of further tightening and lifting risk appetite across digital assets.
- Traders highlighted $95,000 as a key level now reclaimed, with a sustained hold viewed as increasing the odds of a run toward the $100,000 psychological mark.
- Analysts pointed to spot-led demand behind the move, while on‑chain transfers tied to BlackRock ETFs into Coinbase Prime reflected creation/redemption activity rather than immediate selling.