Bitcoin approached $82,000 on Friday, September 4, its highest level since May, after falling below $77,500 the previous day. A short squeeze triggered the liquidation of $140 million in short positions within one hour, pushing the price up 5%. U.S. Bitcoin ETFs recorded $101.15 million in net inflows on September 2, with BlackRock’s IBIT accounting for $115.45 million. Strategy stock surged over 13% following the move, while Ethereum and XRP saw their respective streaks of inflows come to an end. This volatility illustrates the market’s ability to decide on its own without waiting for the Fed decision expected on September 15-16.
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