Bitcoin ETFs See $913M Inflow, Price Reaches $94K

U.S. Bitcoin ETFs saw a significant inflow of $913 million in just four days, coinciding with Bitcoin surpassing $94,000. This surge signifies growing institutional interest in Bitcoin-based investment products and suggests a shift towards bullish market sentiment. Notably, the total value of short positions liquidated reached $560 million, further contributing to investor optimism. The increased buying activity has fueled Bitcoin’s price recovery from a dip to over $109,000 after a recent period of volatility.