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Bitcoin surges to $85,000, triggering a short‑squeeze that wipes out $648 million of bearish positions
Bitcoin’s price vaulted to the $85,000 threshold this week, sparking a dramatic short‑squeeze that erased roughly $648 million worth of bearish bets. The surge was not a fleeting spike; it unfolded against a backdrop of swelling market participation, as the total open interest in Bitcoin futures and options climbed by 7.59% to a staggering $156 billion. This combination of price momentum and expa…
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 rocket‑lifted past the $85,000 threshold on Tuesday, a move that set off a dramatic short‑squeeze and erased roughly $648 million of bearish bets across the crypto derivatives market. The sudden spike was not an isolated blip; it unfolded against a backdrop of rising open interest, which climbed 7.59 % to a staggering $156 billion. That combination of price acceleration and expand…
Sept. 21, 2026, 10:30 a.m.
Markets
Bitcoin surges to $85,000 as a short squeeze eliminates $648 million of bearish bets
Sept. 21, 2026, 10:30 a.m.
Markets
Bitcoin surges to $85,000, short squeeze wipes out $648 million in bearish bets
Bitcoin’s price broke through the $85,000 barrier on Tuesday, sparking a dramatic short‑squeeze that forced bearish traders to liquidate roughly $648 million worth of positions. The rapid climb was not an isolated spike; it came amid a broader surge in market activity, with open interest—a measure of the total number of outstanding derivative contracts—jumping 7.59% to an all‑time high of $156 bi…
Sept. 21, 2026, 10:30 a.m.
Markets
Bitcoin surges to $85,000, triggering short squeeze that wipes out $648 million of bearish positions
The cryptocurrency market witnessed a dramatic episode this week as Bitcoin’s price vaulted to the $85,000 threshold, a level that not only set a fresh all‑time high but also ignited a powerful short‑squeeze dynamic. The rapid ascent forced traders who had bet against the digital asset to liquidate roughly $648 million worth of bearish contracts, effectively pulling the rug out from under a sizab…
Sept. 21, 2026, 10:30 a.m.
Markets
Bitcoin Surges to $85,000 Amid Short Squeeze That Eliminated $648 Million in Bearish Positions
Bitcoin’s price broke through the $85,000 threshold on Tuesday, marking one of the most dramatic rallies in the cryptocurrency’s history. The surge was not a gradual climb but a rapid, force‑driven move triggered by a massive short‑squeeze that wiped out roughly $648 million worth of bearish bets. This episode has reshaped market sentiment, sparked a flurry of activity across futures and options …
Sept. 21, 2026, 10:30 a.m.
Markets
Bitcoin surges to $85,000, triggering short squeeze that wipes out $648 million in bearish positions
The cryptocurrency market witnessed a dramatic episode this week as Bitcoin’s price vaulted to the $85,000 mark, a level that not only set a fresh all‑time high but also ignited a powerful short‑squeeze dynamic. The rapid ascent forced the liquidation of roughly $648 million worth of short positions, effectively removing a large chunk of bearish sentiment from the market. This episode offers a vi…
Sept. 21, 2026, 10:30 a.m.
Markets
Bitcoin Surges to $85,000, Triggering a $648 Million Short Squeeze
Bitcoin’s price has rocketed to the $85,000 level, igniting a dramatic short‑squeeze that has wiped out roughly $648 million in bearish wagers. The surge marks one of the most striking rallies in the cryptocurrency’s history, and it has sent ripples through the broader derivatives market, where open interest—a measure of the total number of outstanding contracts—has climbed by 7.59% to an eye‑pop…
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 the $85,000 mark, a level that not only set a fresh all‑time high but also ignited a dramatic short‑squeeze that erased roughly $648 million worth of bearish bets. The rapid climb was accompanied by a notable increase in open interest, which jumped 7.59% to a staggering $156 billion. This surge in open interest, combined with the mass liquidation of short positions,…
Sept. 21, 2026, 10:30 a.m.
Markets
Bitcoin Surges to $85,000 Amid Short Squeeze, Erasing $648 Million in Bearish Positions
Bitcoin’s price has rocketed to the $85,000 level, a move driven primarily by a dramatic short‑squeeze that has forced bearish traders to liquidate roughly $648 million worth of short positions. This surge is not an isolated spike; it reflects a broader shift in market dynamics, as open interest in Bitcoin derivatives has climbed by 7.59%, reaching an impressive $156 billion. The increase in open…
Sept. 21, 2026, 10:30 a.m.