BTC Rally or Short Squeeze?
$BTC is holding around $77K while $ETH approaches $2.4K, signaling renewed strength across the market. Spot Bitcoin ETFs recorded roughly $606M in net inflows on August 20, while Ethereum ETFs attracted another $221M.
This suggests the rally is not driven by a short squeeze alone. Institutional flows are providing real support. If ETF inflows remain strong and $BTC holds $77K, the next major target could be the $80K zone.
$BTC is holding around $77K while $ETH approaches $2.4K, signaling renewed strength across the market. Spot Bitcoin ETFs recorded roughly $606M in net inflows on August 20, while Ethereum ETFs attracted another $221M.
This suggests the rally is not driven by a short squeeze alone. Institutional flows are providing real support. If ETF inflows remain strong and $BTC holds $77K, the next major target could be the $80K zone.