Bitcoin’s move back toward $86,000 is no longer just a short squeeze. Glassnode now sees spot taker flow turning positive and realized-cap growth strengthening, but leverage is climbing too. Futures open interest, funding and profit-taking are all elevated, so the next test is whether spot buyers keep absorbing that pressure. https://cryptoslate.com/massive-etf-capital-exits-threaten-bitcoins-fragile-86000-price-surge/