Bitcoin is holding around $85K after yesterday’s sharp rally above $86K. The move was supported by strong ETF inflows and heavy short liquidations, but BTC has pulled back slightly from its recent high near $87.4K.

Insight: Momentum remains strong, but today’s pullback shows that volatility is still high. Traders are watching the $87K area as a key near-term level while BTC tries to maintain its recent gains.