U.S. spot bitcoin exchange-traded funds noted their ninth consecutive day of positive inflows, amassing $ 107.9 million on Thursday. Blackrock’s IBIT led the way, securing $ 89 million, while Grayscale’s bitcoin trust (GBTC) experienced $ 14 million in outflows. Gap Between IBIT and GBTC Reserves Tighten Spot bitcoin ETFs had a consistent …
Bitcoin Short Squeeze Wipes Out $89M as Price Surges to $52K; ETF Inflows Hit $4B
The price of bitcoin soared past the $ 52K milestone on Wednesday, reaching $ 52,056 per unit on Bitstamp at 10:05 a.m. Eastern Time. Bitcoin’s meteoric rise over the past day triggered a wave of liquidated leveraged positions, wiping out $ 89.28 million in short positions. ‘Sustained High Levels of Illiquid Supply’ …