Bitcoin surged to $64k before dropping 8% to $58.7k on Binance due to increasing crypto market volatility. Wall Street's demand for BTC remains high, with BlackRock's IBIT seeing $520M in inflows, the largest ever for a BTC ETF. Other new spot BTC ETFs had inflows of $182.4M. The imbalance between BTC ETF demand and supply from miners is driving prices higher. Trading on leverage poses opportunities and risks due to heightened volatility and high funding rates.

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