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Bitcoin\'s $80,000 rebound backed by $2.23 billion inflows, not short squeeze

Bitcoin’s rebound was supported by cash inflows of more than $2 billion rather than speculative leverage, according to the article. U.S.-listed spot bitcoin ETFs absorbed $2.23 billion during the recent surge without a single day of net outflows. Despite a spike in short liquidations, futures open interest fell and funding rates stayed near neutral. Analysts highlighted liquidity channels and rising stablecoin supply, while identifying $81,000 to $86,000 as the next key range.