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Bitcoin surges to $85,000, triggering short squeeze that wipes out $648 million of bearish positions
Bitcoin’s price broke through the $85,000 threshold on Tuesday, a move that sent shockwaves through the cryptocurrency market and forced a massive short‑squeeze that eliminated roughly $648 million worth of bearish bets. The rally was not an isolated spike; it was accompanied by a notable rise in open interest, which climbed 7.59% to a staggering $156 billion. This combination of price appreciati…
Sept. 21, 2026, 10:30 a.m.
Markets
Bitcoin surges to $85,000, triggering a short squeeze that wipes out $648 million in bearish positions
Bitcoin’s price has vaulted to a fresh all‑time high of $85,000, a move that has set off a dramatic short‑squeeze and forced bearish investors to liquidate roughly $648 million worth of bets against the cryptocurrency. The rally has not only captured headlines but also reshaped the dynamics of the futures market, as open interest— the total value of outstanding contracts— jumped 7.59% to a stagge…
Sept. 21, 2026, 10:30 a.m.
Markets
Bitcoin Surges to $85,000 Amid Massive Short Squeeze, Erasing $648 Million of Bearish Positions
Bitcoin’s price broke through the $85,000 barrier on Tuesday, delivering a dramatic rally that has captured the attention of both retail enthusiasts and institutional investors. The surge was not a gradual climb but a rapid, forceful move driven primarily by a short‑squeeze that forced traders holding bearish bets to liquidate roughly $648 million worth of positions. This episode underscores how …
Sept. 21, 2026, 10:30 a.m.
Markets
Bitcoin surges to $85,000, triggering a short‑squeeze that wipes out $648 million of bearish positions
Bitcoin’s price has vaulted to a fresh all‑time high of roughly $85,000, a move that has sent shockwaves through the cryptocurrency market and forced a massive short‑squeeze. The sudden climb erased an estimated $648 million worth of bearish bets, a clear illustration of how quickly sentiment can flip when momentum gathers. While the price spike itself is headline‑worthy, the underlying market dy…
Sept. 21, 2026, 10:30 a.m.
Markets
Bitcoin Surges to $85,000, Triggering a $648 Million Short Squeeze
Bitcoin’s price action has taken a dramatic turn, climbing to the $85,000 mark and igniting a massive short‑squeeze that has forced bearish traders to unwind roughly $648 million in bets against the cryptocurrency. The rally is not just a fleeting spike; it reflects a broader shift in market dynamics, as open interest – the total value of all outstanding contracts – has risen by 7.59% to an eye‑w…
Sept. 21, 2026, 10:30 a.m.
Markets
Bitcoin Surges to $85,000, Triggering a $648 Million Short Squeeze
Bitcoin’s price has vaulted to the $85,000 mark, a level that has sparked a massive short‑squeeze and wiped out roughly $648 million of bearish wagers. The rally comes amid a notable increase in open interest, which climbed 7.59 percent to a staggering $156 billion. While many traders have been forced to unwind their short positions, the overall market sentiment appears to be shifting from cautio…
Sept. 21, 2026, 10:30 a.m.
Markets
Bitcoin surges to $85,000, triggering short squeeze that wipes out $648 million in bearish positions
Bitcoin’s price broke through the $85,000 barrier on Tuesday, a milestone that sent shockwaves through the cryptocurrency market and sparked a dramatic short‑squeeze that erased roughly $648 million worth of bearish bets. The rally was not an isolated spike; it came on the back of a broader buildup in market activity, as open interest – the total value of all outstanding futures and options contr…
Sept. 21, 2026, 10:30 a.m.
Markets
Bitcoin Surges to $85,000, Triggering a $648 Million Short Squeeze
Bitcoin’s price has vaulted to the $85,000 mark, a milestone that has sent shockwaves through the cryptocurrency market and ignited a massive short‑squeeze that wiped out roughly $648 million of bearish bets. The rapid climb is not an isolated spike; it reflects a broader shift in market dynamics, where long‑side enthusiasm is outpacing the retreat of short‑term skeptics. In the past 24 hours, op…
Sept. 21, 2026, 10:30 a.m.
Markets
Bitcoin Surges to $85,000 Amid Massive Short Squeeze, Erasing $648 Million of Bearish Positions
Bitcoin’s price broke through the $85,000 barrier on Tuesday, a milestone that not only set a new all‑time high but also triggered one of the most dramatic short‑squeeze events in the cryptocurrency’s history. Within a matter of hours, bearish traders who had bet against the digital asset were forced to liquidate roughly $648 million worth of short positions, a wave of forced buying that added fu…
Sept. 21, 2026, 10:30 a.m.
Markets
Bitcoin surges to $85,000, triggering a short squeeze that wipes out $648 million in bearish positions
Sept. 21, 2026, 10:30 a.m.