Bitcoin has resumed its upward trend, experiencing a gain of over 5% in just the last three days. This significant increase comes after a brief pause in its bullish momentum last week, which had led to speculations of an impending correction.
Contributing to this bullish sentiment are notably large ETF inflows, which have reached nearly $1 billion. Such influxes of investment indicate a growing confidence among investors, fueling further upward momentum for Bitcoin.
As a result of these gains, short sellers who anticipated a downturn are facing substantial liquidations. The sharp rise demonstrates the volatility and risks involved in betting against Bitcoin, particularly during bullish phases.
This development underscores the intricate dynamics in Bitcoin markets, where investor sentiment can quickly shift, impacting price movements and trading strategies. The continued interest from large-scale institutional investors through ETFs may further influence Bitcoin's trajectory in the near future.
