Bitcoin (BTC) reached $90,000 for the first time since March 7, marking a 5% increase in the past five days. This surge contrasts with the S&P 500's decline from over 5,700 points on March 7 to below 5,200.
Despite this recent rally, Bitcoin remains down over 5% year-to-date. However, it has recovered significantly from its April 8 low, when it was down nearly 20% for the year.
Currently, the average perpetual funding rate across exchanges is negative, indicating short sellers are paying to hold positions. On Monday, U.S. spot Bitcoin ETFs saw their largest single-day inflow since January 30, totaling over $380 million.