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Crypto

Bitcoin Price Locked in $80K Battle Amid Spot ETF Frenzy

Guavy AI Editorial Team
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BTC
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Bitcoin's price is locked in a fierce battle to reach $80,000 as spot Bitcoin ETFs have seen net inflows for the third consecutive week. The total entry last week reached $986.9 million.

BlackRock's IBIT fund led the pack with an entry of $691.5 million, making it the top contributor to the ETFs' growth.

In a surprising turn of events, altcoin perpetual futures saw open positions surpassing Bitcoin for the first time since December 2024.

However, this trend has raised concerns about a potential large-scale liquidation risk due to the rapid increase in leverage usage among altcoins.

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