Bitcoin Holds Above $79,000 After Historic Weekly Rally



Bitcoin is trading at approximately $79,138, up over 2.6% in the past 24 hours and extending a weekly rally that saw gains exceed 24% . The surge was fueled by a massive short squeeze, the U.S. Treasury's bond buyback announcement, and renewed institutional demand. U.S. spot Bitcoin ETFs recorded approximately $1.9 billion in net inflows last week, marking the strongest weekly inflow since October 2025 . The Coinbase Bitcoin Premium Index turned positive for the first time since May 19, ending a record 97-day negative streak and signaling a recovery in U.S. spot demand .
BTC2.00%
COIN-3.07%
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ArbWhirl
· 50m ago
The ETF’s $1.9 billion inflow in a single week is truly staggering—the strongest week since October. However, I think this looks more like passive institutional allocation rather than active bullishness; we’ll have to wait for a clear signal that the Federal Reserve is injecting liquidity before calling it a true bull market.
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FundingRateWatcher
· 1h ago
This wave of short liquidations was truly textbook: once liquidity dried up, the price took off. But don’t rush to chase the rally—first see whether it can hold the 80k level.
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OnChainDetective
· 1h ago
Honestly, I felt a little nervous when I saw the Coinbase Premium Index turn positive. The 97-day streak of negative readings was broken, indicating that U.S. retail investors finally couldn’t hold back from buying in. Historical experience suggests this is often when we should be wary of a short-term pullback.
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LendArbitrager
· 1h ago
Actually, last night’s buyback announcement in the U.S. stock and bond markets was the real catalyst. It had little to do with crypto itself, but the capital, like sharks that had caught the scent of blood, took the opportunity to chew through the psychological $79k threshold.
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