Bitcoin Surges: Best Two Days Since January 2024 as ETFs See Record Inflows
Bitcoin just posted its strongest two-day rally since January 2024, surging 2% in to hit $121,127. This bullish breakout is backed by a perfect storm of institutional buying and liquidations.
Spot Bitcoin ETFs recorded over $2.21 billion in inflows across just two days, the biggest since their launch. Heavyweight buying led by Japan’s Metaplanet, which added 797 BTC ($93.7 million), and fresh momentum from Grayscale’s filing for a Bitcoin-linked IPO are fueling renewed investor confidence. Adding even more fuel to the fire, a $453 million liquidation in short positions created a cascade effect, pushing prices higher.
With institutional accumulation heating up and technical indicators flashing green, Bitcoin’s rally could be just getting started.
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