3. $BTC Short squeeze or structural move?

$BTC is back above $86K.

Part of the move was fueled by short liquidations, but spot ETF inflows also returned strongly.

That creates an important distinction:

A short squeeze can accelerate a move.

Spot demand can help sustain it.

The next test is whether demand remains after the forced buying disappears.

Bitcoin moved above $86K, with short covering contributing to the rally, while U.S. spot Bitcoin ETFs recorded $617.6M of net inflows on September 21.

Your view?

#BTC #bitcoin #crypto