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Bitcoin Surges to $85,000 Amid Massive Short Squeeze, Erasing $648 Million in Bearish Positions
Bitcoin’s price has vaulted to a fresh all‑time high of roughly $85,000, a move driven primarily by an unprecedented short‑squeeze that forced bearish traders to unwind a combined $648 million worth of bets. The rapid climb has not only captured headlines but also reshaped the market’s open‑interest landscape, which now stands at an eye‑popping $156 billion – a 7.59 % increase from the previous 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 a fresh all‑time high of $85,000, a move that has sent shockwaves through the cryptocurrency market and forced a massive short‑squeeze that erased roughly $648 million in bearish bets. The rally was not an isolated spike; it unfolded alongside a notable increase in market open interest, which climbed 7.59 percent to a staggering $156 billion. This combination of ris…
Sept. 21, 2026, 10:30 a.m.
Markets
Bitcoin Surges to $85,000, Triggering a Short Squeeze that Erases $648 Million in Bearish Positions
Bitcoin’s price vaulted to the $85,000 mark on Tuesday, sparking a dramatic short‑squeeze that wiped out roughly $648 million worth of bearish bets. The rapid climb was accompanied by a notable rise in open interest, which increased by 7.59% to a staggering $156 billion. While many traders were forced to liquidate their short positions, the overall market sentiment appears to be shifting from cau…
Sept. 21, 2026, 10:30 a.m.
Markets
Bitcoin Surges to $85,000, Triggering a Short Squeeze That Erases $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 across the cryptocurrency market. The rapid ascent has forced traders who were betting on a decline to unwind roughly $648 million worth of bearish contracts, effectively wiping out a substantial portion of the short side. This development comes amid a broader surge in market activity…
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 rocketed to a fresh all‑time high of $85,000 on Tuesday, a move that was driven largely by an aggressive short‑squeeze that forced traders holding bearish bets to unwind roughly $648 million worth of positions. The surge was not an isolated spike; it unfolded alongside a notable 7.59 percent increase in total open interest, which climbed to an unprecedented $156 billion. This comb…
Sept. 21, 2026, 10:30 a.m.
Markets
Bitcoin Surges to $85,000, Triggering a $648 Million Short Squeeze
Bitcoin’s price vaulted to a fresh all‑time high of $85,000 on Tuesday, a move that sent shockwaves through the cryptocurrency market and forced the liquidation of roughly $648 million worth of short bets. The surge 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 appreciation and expandin…
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 a fresh all‑time high of $85,000, a milestone that has sent shockwaves through the cryptocurrency market and ignited a massive short‑squeeze that has wiped out roughly $648 million in bearish bets. The surge is not an isolated spike; it reflects a broader shift in market dynamics, where traders are increasingly piling into the rally rather than pulling back, as evid…
Sept. 21, 2026, 10:30 a.m.
Markets
Bitcoin Surges to $85,000 Amid Massive Short Squeeze, Erasing $648 Million in Bearish Positions
Bitcoin’s price has vaulted to a fresh all‑time high of $85,000, a move driven primarily by an aggressive short‑squeeze that forced bearish traders to liquidate roughly $648 million worth of positions. The rally has not only shattered previous resistance levels but also reshaped the market’s open‑interest landscape, which climbed 7.59% to a staggering $156 billion. This surge in open interest, co…
Sept. 21, 2026, 10:30 a.m.
Markets
Bitcoin Surges to $85,000, Triggering a Short Squeeze That Eliminates $648 Million in Bearish Positions
Bitcoin has once again captured the spotlight of the global financial arena, soaring to an impressive $85,000 per coin. This dramatic climb was not merely a product of ordinary market dynamics; it was driven by a powerful short‑squeeze that forced the liquidation of roughly $648 million worth of bearish bets. The episode underscores the volatile nature of cryptocurrency markets, where sentiment c…
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, igniting a massive short‑squeeze that has forced bearish traders to unwind roughly $648 million worth of positions. This dramatic price movement has been accompanied by a notable rise in market activity, with open interest climbing 7.59% to an estimated $156 billion. Rather than seeing participants step back from the market, the data suggests that …
Sept. 21, 2026, 10:30 a.m.