Bitcoin Shatters $76K as Short Liquidations and ETF Demand Fuel Rally

Bitcoin has made a powerful comeback, surging above $76,000 in recent days after a multi-day rally. This move marks one of the strongest short-term recoveries for Bitcoin so far this year.

The rally was fueled by a combination of factors, including massive short liquidations, strong ETF demand, improving liquidity conditions, and renewed optimism around U.S. crypto policy. Short positions worth billions of dollars were liquidated, creating additional buying pressure as traders rushed to cover their positions.

Institutional demand has also remained an important part of the story, with Bitcoin ETFs recording strong inflows during the recovery. This includes a reported $517 million in net inflows in a single day during the rally.

The White House crypto meeting has also contributed to the improving market mood, with President Donald Trump calling on Congress to move forward with the CLARITY Act and reiterating his administration's support for U.S. leadership in Bitcoin and the broader crypto industry.