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Bitcoin consolidating near $86k after piercing $87k (highest since January) isn’t just another green candle story.Roughly $2B in US spot ETF inflows across four sessions, including nearly $1B on the 21st alone, plus short liquidations provided the real fuel. This is what a structural bid looks like when it meets trapped shorts. The move higher was justified. The test now is whether that same bid absorbs the consolidation without letting price slip back into the previous range.