$BTC $BTC
A savvy investor recently increased their leverage to 40x on a Bitcoin short position with an average entry price around $117,000, a highly risky move given Bitcoin’s current bullish momentum. Meanwhile, the US Bitcoin Spot ETFs have recorded net inflows exceeding $1 billion for two consecutive days, a historic first. This surge in ETF inflows has fueled Bitcoin’s price rally, pushing it to new all-time highs above $118,000. BlackRock’s iShares Bitcoin Trust (IBIT) leads the inflows, having become the fastest ETF to surpass $80 billion in assets. This strong institutional demand through ETFs highlights growing confidence in Bitcoin as a mainstream investment, even as some traders take aggressive leveraged positions betting on a price reversal