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Why Bitcoin's Rally Above $80,000 Isn't Backed by Institutional Conviction
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Bitcoin's resurgence above the $80,000 level has once again drawn attention to major assets in the cryptocurrency market. Net inflows exceeding $433 million were recorded in US spot Bitcoin ETFs, while Ether, Solana, and other major altcoins saw mixed daily performance.
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BITRSSWhy Bitcoin’s rally above $80,000 isn’t backed by institutional conviction
Bitcoin held above $80,000 this weekend while three institutional indicators pointed in different directions. The Sept. 15 snapshot from the Commodity Futures Trading Commission showed leveraged funds becoming less net short across four regulated Bitcoin futures products. Their aggregate net-short...
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