Bitcoin's price surged above $95,000, triggering a significant liquidation event. According to CryptoSlate, the price rose over 3% to above $96,000, a level not seen since mid-November. QCP Capital described the environment as a "Goldilocks environment." The rally was fueled by spot demand and leverage fragility, with US spot Bitcoin ETFs drawing in approximately $753.8 million. Fidelity’s FBTC, Bitwise’s BITB, BlackRock’s IBIT, and Ark/21Shares’ ARKB saw the largest inflows. Approximately $600 million in bearish crypto bets were wiped out, including $290 million in Bitcoin shorts. The Clarity Act, a market structure framework for crypto assets, was released by the US Senate, aiming to define regulatory oversight.

Bitcoin's price surged above $95,000, triggering a significant liquidation event. According to CryptoSlate, the price rose over 3% to above $96,000, a level not seen since mid-November. QCP Capital described the environment as a "Goldilocks environment." The rally was fueled by spot demand and leverage fragility, with US spot Bitcoin ETFs drawing in approximately $753.8 million. Fidelity’s FBTC, Bitwise’s BITB, BlackRock’s IBIT, and Ark/21Shares’ ARKB saw the largest inflows. Approximately $600 million in bearish crypto bets were wiped out, including $290 million in Bitcoin shorts. The Clarity Act, a market structure framework for crypto assets, was released by the US Senate, aiming to define regulatory oversight.