Overview
- U.S. spot Bitcoin ETFs took in roughly $753–$760 million on Tuesday, led by Fidelity, Bitwise and BlackRock, marking the biggest single‑day net inflow since October, according to SoSoValue.
- Bitcoin climbed into the $95,000–$97,000 range at two‑month highs while Ethereum, Solana and XRP also advanced on the risk‑on move.
- About $700 million in crypto short positions were liquidated over 24 hours, including roughly $290 million in Bitcoin shorts, magnifying the breakout, CoinGlass data show.
- Traders pointed to moderating CPI as easing pressure for aggressive Fed hikes, with some also citing safe‑haven interest after a U.S. State Department alert urging Americans to leave Iran.
- Analysts say the next test is whether ETF inflows persist, with $100,000 seen as a near‑term psychological hurdle and $90,000 as a key support level.