Bitcoin near $86,000 as spot ETF inflows surge to 11-month peak

Bitcoin held near the $86,000 mark after US spot Bitcoin ETFs recorded nearly $999 million in inflows during a single day — their strongest performance in 11 months. The surge was driven by institutional demand and short liquidations supporting the cryptocurrency's rally.

Analysts are monitoring the $89,000 level as a potential threshold that could propel Bitcoin toward the $100,000 mark.