Bitcoin tops $111,000 on renewed ETF inflows

The rally matters because Bitcoin has increasingly become a barometer for speculative appetite across markets. When ETF money returns, it tends to amplify moves in the underlying token and lift related stocks, giving asset managers and traders a cleaner, regulated route into crypto exposure.

Crypto-linked shares rallied with the token. Coinbase Global gained 3.5%, Circle Internet Group rose 3% and Strategy climbed 9.5%, while smaller coins such as Dogecoin and XRP also advanced. That broad move suggests the latest leg higher is not just a Bitcoin trade, but a fresh rotation into digital assets more generally.

The move also triggered heavy positioning churn. About $1 billion of long and short crypto bets were liquidated in the past 24 hours, including roughly $878 million in short positions, according to Coinglass data. In derivatives, Bitcoin options on Deribit were skewed toward calls, with more than 272,000 contracts betting on upside versus 154,000 puts, showing traders are positioning for further gains.

Fundamentally, the rally reflects improving sentiment after markets shrugged off the failure of landmark U.S. crypto legislation and a Federal Reserve rate increase. A Securities and Exchange Commission green light for digital versions of securities to trade in the U.S. also helped bolster confidence, even as Bitcoin remains well below its 2025 record and investors continue to weigh whether the latest surge can outlast tougher macro conditions.

Technical signals show the rebound has regained traction. Bitcoin is trading far above its 50-day and 200-day moving averages, while Adalytica’s Bitcoin Fear & Greed Index sits at 90, or extreme greed, underscoring how aggressively sentiment has swung back.

For investors, the key question is whether ETF inflows keep building. If they do, Bitcoin could extend its recovery and keep lifting crypto equities; if they fade, the market may quickly hand gains back amid elevated Treasury yields, firmer oil prices and competition from AI-linked trades for speculative capital.