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EconomyBitcoin hits $85,000 as short squeeze forces out $648 million in bearish bets

Bitcoin climbed to $85,000 as a short squeeze forced $648 million in bearish bets out of the market. Open interest nevertheless rose 7.59% to $156 billion, suggesting traders are chasing the move rather than stepping back.

Bitcoincryptocurrencyshort squeeze

CCoinDesk★★☆☆☆2026-09-21 10:30Original

Bitcoin hits $85,000 as short squeeze forces out $648 million in bearish bets
Bitcoin hits $85,000 as short squeeze forces out $648 million in bearish betsEconomy