Bitcoin climbed back near $86k. The move ran on short covering, not new buying. Spot ETF funds still pulled in close to $1B.
Today's key developments:
• Bitcoin climbed back toward $86k as oil slid and stocks firmed. Futures data says the bounce came mostly from short covering, not fresh buying.
• Binance bought $100M of Circle stock at $80.84 a share, part of a five-year deal to push USDC on the exchange.
• Spot bitcoin ETFs pulled in nearly $1B in a single day, their biggest daily haul in 11 months.
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