BULLISH 📈 : Bitcoin tops $80,000 on ETF inflows, short squeeze, Trump Hormuz plan
Bitcoin jumps back above $80,000. Traders point to US de‑escalation signals, steady ETF inflows, and a short squeeze.
BTC hit an intraday high of $80,529. Highest since January 31. See the move on the price chart.
Catalyst came from Washington. US President Donald Trump announced “Project Freedom” in a Truth Social post. He said the US will help ships stranded by the Strait of Hormuz closure. The operation starts Monday. It could involve guided‑missile destroyers, 100+ aircraft, and 15,000 service members. Iran denounced the plan as a possible ceasefire violation. Context on talks and tensions is here: US–Iran talks coverage, and recent Hormuz risk updates.
The message gave markets a de‑escalation path. Risk appetite improved after weeks of shipping blocks and energy worries.
Derivatives positioning amplified the move. CoinGlass shows $356.55M in 24h liquidations. Shorts made up $303.88M against $52.66M longs. BTC led with $170.69M. Ethereum followed with $91.60M. Heatmap snapshot below.
Spot Bitcoin ETFs kept buying. US funds logged a fifth straight week of inflows. $153.87M last week, per SoSoValue, via ETF flow report.
At press time, Bitcoin traded near $79,865. See the latest print on the intraday chart.
