The Bitcoin and Ethereum rebound happened faster than I expected. $BTC pushed toward $87K while $ETH moved above $2,800. Lower oil prices and Treasury yields helped, but short covering clearly added fuel to the move. What makes me less quick to dismiss it as just a squeeze is the spot demand. U.S. spot BTC ETFs saw about $999M in net inflows on Sept. 21, while ETH ETFs pulled in around $270M. ETH also broke above its Sept. 11 high of $2,661.52. I’m not taking the move at face value yet. I want to see if buyers keep showing up after the forced buying fades. That’s what I’m watching on BingX. #BTC Price Analysis# #Altcoin Season#
