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Bitcoin ETFs Surge as Altcoins Retreat | Bitcoin and Crypto News
Description
Bitcoin holds firm above $79K as spot ETF inflows surge for eight straight days — the longest streak since April — fueled by strong institutional demand and boosted by the U.S. Treasury’s bond-buyback move that cleared $3B in short positions. While altcoins struggle with a fading Altcoin Season index, some like TAO rise amid shifting focus back to Bitcoin. Derivatives show rising futures volume but stable open interest, hinting at a steadier climb driven by real buying. Options reveal cautious optimism: institutions hedge with puts while traders chase calls — signaling a market poised for measured growth amid volatility.
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