Bitcoin Reclaims $63K: ETF Inflows and Short Squeeze Fuel Massive Rebound
Bitcoin has officially reclaimed the critical $63,000 threshold, hitting $63,835 as market momentum shifts aggressively upward. This surge is driven by a resurgence in U.S. spot ETF inflows and a decisive short squeeze that has effectively wiped out bearish traders who were betting against the market.
This rally marks a significant recovery from the late-June downturn, as Bitcoin climbed back from levels below $60,000. The combination of institutional demand via ETFs and the liquidation of short positions suggests a strengthening bullish sentiment across the broader cryptocurrency landscape.
Bitcoin printed $63,835 today after reclaiming the $63,000 level for the first time in two weeks. The rebound was fueled by the return of U.S. spot ETF inflows and a strategic short squeeze that cleared bearish traders, reversing most of the market's late-June damage. Trading higher, Bitcoin hit as high as $63,832 early Monday, extending a rally that has carried the largest cryptocurrency from below the $60,000 mark.
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