Bitcoin Sprints Towards $80,000 as ETF Channel Goes Dark

Bitcoin has reached $79,500, putting it within striking distance of $80,000. This price surge comes after a rare combination of factors led to the largest weekly rally in two years.

A surprise Treasury intervention, approximately $1.6 billion in spot ETF inflows, and billions of dollars in forced short liquidations all contributed to this significant price increase.

However, with ETF trading paused until Monday and Treasury markets closed, Bitcoin's native market structure will be put to the test over the weekend.