After Bitcoin surged more than 25% in a week, both ETF inflows and a short squeeze are in place. Yet over the past 24 hours, $BTC has still fallen 1.1%, meaning the upside expectations have not fully carried through.
Business Chief said that on August 20, around 2.7 billion USD in bearish positions were liquidated, including more than 1 billion USD worth of Bitcoin shorts that were closed out within an hour.
The Daily Upside also verified that about 2.4 billion USD flowed into Bitcoin ETFs last week, indicating that spot demand truly provided fuel for the squeeze.
The transmission path is clear: ETF buy pressure first improves spot supply and demand; once the price breaks higher, it forces shorts to cover; leveraged long orders then push BTC to even higher levels.
But as of 18:19, $BTC was at 78,521.1 USDT, down 1.1% over the past 24 hours—suggesting that short-term funds are starting to test the follow-through after the squeeze ends.
I think this looks more like short-term sentiment being amplified by capital; it is not yet enough to prove a trend reversal. The reason is that the price reaction has been weaker than the news narrative.
If ETFs continue to see net inflows and BTC regains and holds above $80,000, the view will strengthen. If it breaks below $78,000 and is accompanied by capital turning negative, then the squeeze logic would fail.
$BTC #比特币ETF #long/short data
Business Chief said that on August 20, around 2.7 billion USD in bearish positions were liquidated, including more than 1 billion USD worth of Bitcoin shorts that were closed out within an hour.
The Daily Upside also verified that about 2.4 billion USD flowed into Bitcoin ETFs last week, indicating that spot demand truly provided fuel for the squeeze.
The transmission path is clear: ETF buy pressure first improves spot supply and demand; once the price breaks higher, it forces shorts to cover; leveraged long orders then push BTC to even higher levels.
But as of 18:19, $BTC was at 78,521.1 USDT, down 1.1% over the past 24 hours—suggesting that short-term funds are starting to test the follow-through after the squeeze ends.
I think this looks more like short-term sentiment being amplified by capital; it is not yet enough to prove a trend reversal. The reason is that the price reaction has been weaker than the news narrative.
If ETFs continue to see net inflows and BTC regains and holds above $80,000, the view will strengthen. If it breaks below $78,000 and is accompanied by capital turning negative, then the squeeze logic would fail.
$BTC #比特币ETF #long/short data
