Bitcoin touched roughly $81,000 in late August 2026, its highest level in three months, only to slide back into the high $70,000s. This 23-38% rally from summer lows between $58,000 and $64,000 was largely powered by a short squeeze that liquidated between $1.4 and $4 billion in short positions, rather than organic buying. US spot Bitcoin ETFs pulled in $1.9 billion in net inflows over one week, their strongest weekly performance since October 2025, but these flows remain inconsistent. Analysts say Bitcoin needs sustained multi-week momentum above $80,000 to confirm a genuine breakout.
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