Bitcoin bounced back strong this week, climbing 3.03% to break past the $95,000 mark. The surge got a major push from $754 million flowing into U.S. spot ETFs—the biggest weekly inflow since October. Meanwhile, over $600 million in short positions got liquidated, amplifying the upward momentum. Ethereum followed suit with a 3.77% gain, now trading around $3,210. The combination of institutional buying pressure through ETFs and forced short covering created a perfect storm for the bulls.
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Bitcoin bounced back strong this week, climbing 3.03% to break past the $95,000 mark. The surge got a major push from $754 million flowing into U.S. spot ETFs—the biggest weekly inflow since October. Meanwhile, over $600 million in short positions got liquidated, amplifying the upward momentum. Ethereum followed suit with a 3.77% gain, now trading around $3,210. The combination of institutional buying pressure through ETFs and forced short covering created a perfect storm for the bulls.