Bitcoin Price Surges to $86,494.51 as U.S. Spot ETFs Record Largest Daily Inflow in 11 Months

The price of Bitcoin has reached $86,494.51, marking a 1.16% increase on the day. This surge comes as U.S. spot Bitcoin ETFs recorded $999 million in net inflows, the largest daily institutional inflow in 11 months.

According to SoSoValue, this influx of funds has boosted institutional demand for Bitcoin, increasing liquidity through regulated channels and driving fresh buying in the asset.

The rapid covering of bearish positions, totaling over $920 million, further supported strong upward price movement for Bitcoin. This is reflected in the total Crypto market capitalization exceeding $3 trillion, reinforcing the current trend.