Bitcoin Soars on $999M ETF Inflows and Short Squeeze
Bitcoin's price surge above $87,000 has triggered a wave of bullish social sentiment, its strongest since 2024. The rally has been fueled by nearly $1 billion in fresh U.S. spot ETF inflows and a large short squeeze.
The breakout on September 21 saw Bitcoin trading around $85,200 early Tuesday, with a 10% increase over seven days and 24-hour trading volume above $60 billion.
Social discussions predicting higher prices for Bitcoin and crypto have surged to their strongest relative level since 2024, according to Santiment's social data. This reversal comes after heavy bearish sentiment during last week's pullback.
U.S. spot Bitcoin ETFs recorded $999 million in net inflows on September 21, the strongest daily intake since October 2025. BlackRock's IBIT led with $381.4 million, followed by ARK 21Shares' ARKB at $289.1 million and Fidelity's FBTC at $238.8 million.