CoinScoopBitcoin hits $85,000 as short squeeze triggers $648 million in liquidations
Bitcoin reached $85,000 as a significant short squeeze forced the liquidation of $648 million in bearish positions. Despite the closure of these positions, open interest rose by 7.59% to $156 billion, indicating that traders are actively chasing the price momentum.
Summaries are written by AI from the original article. Not investment advice.