Overview
- Bitcoin briefly traded above $81,000 on Tuesday, the highest level since January, after a two-week rebound from early‑year lows near $60,000.
- U.S. spot Bitcoin ETFs drew heavy net inflows, including about $630 million on Friday and $532 million on Monday, reinforcing renewed institutional demand.
- Derivatives activity amplified the jump as roughly $225 million to $314 million in short positions were liquidated over 24 hours, setting up the risk of further squeezes if prices hold higher.
- Geopolitical tension eased slightly after the U.S. launched Project Freedom to escort ships through the Strait of Hormuz, and a Maersk vessel transited under U.S. protection as oil prices pulled back from recent spikes.
- Traders are watching the $82,000 to $84,000 zone that includes widely tracked moving averages and a futures gap, with the next leg likely shaped by whether ETF buying and large‑holder accumulation persist.