Bitcoin has reached an eight-month high before retreating toward $85,000, as U.S. spot ETFs have drawn about $1.7 billion in two days and futures traders have added more than $2 billion in new positions. Wojciech Kaszycki, strategy adviser to Warsaw-listed…
Bitcoin’s $85K rally started with ETFs, but leverage is rising
Bitcoin has reached an eight-month high before retreating toward $85,000, as U.S. spot ETFs have drawn about $1.7 billion in two days and futures traders have added more than $2 billion in new positions. Wojciech Kaszycki, strategy adviser to Warsaw-listed…
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