Bitcoin ETF Rebound Tests $81,722 Cost Basis Amid Forced-Covering Risk

Recent reports cite roughly $715M-$906M in daily Bitcoin ETF inflows, a four-day streak exceeding $2.3B, broader totals near $999M-$1.26B, and about $270M in Ether inflows. A reviewed analysis places the ETF cost basis near $81,722, with support around $82K and resistance near $84,800-$86K; higher levels near $87,251-$90K remain conditional. Durable demand still requires spot volume, CVD, funding, open interest, liquidations, and broader breadth, since short covering and derivatives positioning may be driving the rebound.