Bitcoin price news: BTC eyes $90,000 as leverage is building
Summary
Bitcoin reached an eight-month high of $86,000 after breaking above $82,000, triggering about $750 million in crypto short liquidations. Around $2 billion in new leveraged exposure has since entered futures markets. U.S. spot bitcoin ETFs swung from $746 million in outflows to $593 million in inflows later in the week, while ETF buyers’ average cost basis moved below the market price. Analysts cite the reclaimed 50-week moving average and possible tests of $87,000 and $90,000, but say the rally needs sustained spot and ETF demand to avoid a leverage-driven reversal. Traders are watching ETF flows, futures positioning and options expiry.
