Bitcoin Jumps to Over $84,800 After ETF Flows Turn Positive

Strategy (MSTR) shares rose Monday as Bitcoin (BTC) surpassed $86,000. The company bought 950 Bitcoin for $75.7 million, increasing its holdings to 846,000. Bitcoin's rally, driven by regulatory clarity and bullish market sentiment, boosted Strategy's stock, which closely tracks Bitcoin's price.

The FBI's Operation Blackout seized over $15 billion in assets, mostly from a cryptocurrency forfeiture linked to a Cambodian network. The largest seizure, 127,271 Bitcoin worth $15 billion, is tied to Prince Holding Group and its chairman, Chen Zhi, accused of fraud and money laundering. Other operations, like Sand Dollar, resulted in smaller seizures and arrests. The seized Bitcoin is in U.S. custody pending legal proceedings.

Hyperliquid (HYP) reached a record $96, with a market cap above $20B. UNI, AVAX, ENA, and ONDO saw gains of 26-50% over a week. The rally follows the SEC's five-year exemption for tokenized US stocks. Investor sentiment improved despite the CLARITY Act's failure. Hyperliquid's open interest rose to $8.3B, and its US market prospects improved with Kraken's plans to offer its futures.

Bitcoin surged past $81,000 after absorbing macro shocks, including a Fed rate hike and the failure of the CLARITY Act. A $530 million short squeeze and strong ETF inflows drove the rally, with technical indicators supporting the upward trend. Institutional investors showed confidence, and historical patterns suggest potential for further gains in Q4.

Bitcoin surged to $87,000, its highest since January, driven by short seller liquidations totaling over $300 million in an hour. The rally pushed BTC above the average cost basis for US spot Bitcoin ETF holders, now at a profit. Institutional inflows and favorable macro conditions contributed to the rise, with $90,000 eyed as the next target. Some analysts caution it may be a short squeeze.

The U.S. Senate failed to pass the CLARITY Act, which would have regulated crypto exchanges and stablecoin issuers. The Federal Reserve raised interest rates to 3.75–4% and continued Treasury bill purchases. Bitcoin's price dipped but remained near $76,000. The House advanced a bill to mandate audits of the government's bitcoin holdings. Revolut disclosed a data breach involving customer passports and bitcoin histories.