$BTC Bitcoin's price is bullish today due to several factors. First, positive U.S. labor market data has eased recession fears, boosting investor confidence in risky assets like Bitcoin. Additionally, there has been a significant liquidation of short positions in the crypto futures market, pushing prices higher. Whale accumulation has also played a role, with large investors buying more BTC during recent price dips. Finally, inflows into U.S. Bitcoin ETFs, especially from institutions like BlackRock, have added further upward momentum to the market [[â]](https://cointelegraph.com/news/why-is-bitcoin-price-up-today) [[â]](https://cryptonews.com/news/bitcoin-price.htm).
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