Risk‑on revival: Cooling U.S.–China tariff rhetoric lit a fire under risk assets. Bitcoin ripped from $88 K → $93.5 K, dragging the CoinDesk 20 up 7 %. 

Gold printed fresh highs at $3.49 K/oz, yet BTC is stealing the safe‑haven narrative, reclaiming 64 % market dominance. 


2. Liquidations & leverage

$500 M shorts vaporized in 24 h—largest wipe since February. Biggest hit: a $4.5 M ETH‑perp on Binance. 

Perp funding ticking positive across majors; watch for late‑long squeeze if BTC stalls near $95 K resistance (200‑day VWAP).


3. Spot ETF flows

Net inflows accelerated to >$750 M this week; BlackRock & Fidelity queues show no let‑up. Analysts now float $200 K BTC base‑case for Q4 if inflows persist. 


4. Technical lens

BTC broke a three‑week coil; measured move targets $90‑92 K (hit) then $98 K psychological. Next supply zone sits at 0.786 fib = $101 K. 



#CryptoMarket #BTC #ETH #OnChainData #TradingAlpha