Bitcoin hits a seven-month high of $87,395 amid a $746 million short squeeze and aggressive institutional buying, though analysts caution that extreme greed and rising leverage could signal a local top.
Bitcoin surged to a 7-month high above $87,000 with heavy short liquidations and record spot ETF inflows, though leverage and negative Coinbase premium signal caution.
Strategy disclosed a purchase of 950 Bitcoin, increasing its total holdings to 846,000 coins, which supports its Bitcoin-correlated valuation.
Strive bought 1,355 Bitcoin for about $107.7 million, more than tripling its prior weekly accumulation and signaling continued institutional demand.
Bitcoin surged to a seven-month peak of $87,395, driven by massive short liquidations and record-breaking spot ETF inflows of $999 million. While corporate heavyweights like Strategy and Strive continue to accumulate, analysts warn that rising leverage and negative Coinbase premiums suggest the rally may face near-term exhaustion.
The rally is primarily fueled by a massive short squeeze, record spot ETF inflows of $999 million, and continued accumulation by institutional players like Strategy and Strive.
Analysts point to 'Extreme Greed' sentiment, rising leverage in derivatives markets, and a negative Coinbase Premium Index as potential indicators that the current rally may be overextended.