Bitcoin price news: BTC eyes $90,000 as leverage is building
Renewed ETF demand and a short squeeze lifted Bitcoin, while $2 billion in new leveraged bets and $746 million in outflows earlier in the week kept traders cautious.
- Bitcoin surged to an eight-month peak of $86,000 on Monday as the rally triggered forced closures of bearish positions and reignited fresh leveraged bets.
- Early-Week turbulence from the Clarity Act's Senate defeat and a Federal Reserve rate increase set the stage for a sharp reversal in market sentiment.
- U.S. spot bitcoin ETFs bled $746 million across early week, but reversed course with $433 million in inflows by Friday, the week's strongest day.
- As Bitcoin cleared $82,000 and held above $85,000, roughly $750 million in bearish derivative positions faced forced liquidation, accelerating the upward move.
- Nansen Senior Research Analyst Nicolai Sondergaard targets $87,000 and $90,000 ahead, but warns, "I want to see sustained spot and ETF flows" to prevent a reversal.
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Bitcoin retreats from eight-month high after dizzying 13% rally
The rapid move back above US$80,000 has traders betting the bear phase is over, with momentum bringing sidelined capital back in and lifting prices.
Bitcoin targets $90K as spot demand challenges shorts
Bitcoin has broken above $85,000 as renewed U.S. buying and forced short covering have put Nansen’s next targets at $87,000 and $90,000, even as large crypto traders remain net short. Nansen Senior Research Analyst Nicolai Sondergaard told crypto.news that Bitcoin’s…
After months of sales pressure, bitcoin has regained its breath in recent days and surpassed the $86,000 mark, the highest level since January. Recovery has gained strength with improved appetite for risk in global markets and a combination of more favorable signals for the cryptoactive sector in the United States, after a week marked by advances and setbacks in the regulatory front. The U.S. Senate failed to advance, last week, the Clarity Act,…
Bitcoin could hit $90,000 — But there’s a bigger risk behind the rally
Bitcoin has climbed above $85,000, with ETF inflows and growing use of the cryptocurrency in cross border trade helping drive renewed demand. Oz Sultan of Sultan Interactive Group says Bitcoin could move towards $90,000 as shifting currency dynamics provide further momentum. However, he warns the rally remains closely tied to geopolitical developments and uncertainty […]
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