BITCOIN BLASTS THROUGH $97,000 AS ETF MONEY AND LIQUIDATIONS COLLIDE
I noticed Bitcoin ripping higher in a way that felt different, not chaotic, but mechanically strong.
U.S. spot Bitcoin ETFs pulled in a record $754 million in a single day, led by Fidelity.
That wave of demand squeezed the market structure, forcing over $700 million in short positions to unwind, with a large share tied directly to Bitcoin.
Once liquidations started, momentum accelerated quickly.
What’s interesting to me is how Bitcoin held firm even as the S&P 500 softened.
That relative strength suggests capital is treating BTC less like a speculative trade and more like a macro asset again.
Polymarket odds pushing above 70% for $100K reflect that shift in sentiment.
#BitcoinETFs #Polymarket #BTC100kNext? #MarketRebound #CryptoNews
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