Bitcoin's rally to $86k was mostly short covering

Podcast: Token Metrics Daily Pulse · Token Metrics

Opublikowano: 2026-09-23

Bitcoin climbed back near $86k. The move ran on short covering, not new buying. Spot ETF funds still pulled in close to $1B. Today's key developments: • Bitcoin climbed back toward $86k as oil slid and stocks firmed. Futures data says the bounce came mostly from short covering, not fresh buying. • Binance bought $100M of Circle stock at $80.84 a share, part of a five-year deal to push USDC on the exchange. • Spot bitcoin ETFs pulled in nearly $1B in a single day, their biggest daily haul in 11 months. 📰 Read the full Daily Pulse: https://p...