Bitcoin Hits $85,000, First Time Since January, as Short Squeeze Wipes Out Hundreds of Millions in Bearish Bets
Updated — view changes (3)
· body · New information from a source
Bitcoin reached $85,000, forcing out $648 million in short positions, according to CoinDesk.The Block reported at least $750 million in total crypto liquidations over 24 hours, with shorts accounting for the majority.The price level marks Bitcoin's first touch of that mark since January.- Bitcoin rose above $85,000, its highest level since January, extending a rally that had built over the past few days, according to CNBC.
- The move triggered a short squeeze that forced out $648 million in bearish bets, according to CoinDesk.
- CoinGlass data cited by The Block showed at least $750 million in total crypto liquidations over 24 hours, with most of the losses coming from short positions.
- CNBC reported the rally reignited debate over whether the broader "crypto winter" that has weighed on digital-asset markets is coming to an end.
· summary · New information from a source
Bitcoin surged to $85,000, triggering over $648 million in short liquidations across crypto markets.- Bitcoin surged past $85,000 for the first time since January as a short squeeze liquidated hundreds of millions in bearish crypto bets, according to CoinDesk and The Block.
· headline · New information from a source
Bitcoin reaches $85,000 as short squeeze liquidates $648 million in bearish positions- Bitcoin Hits $85,000, First Time Since January, as Short Squeeze Wipes Out Hundreds of Millions in Bearish Bets
Every change made to this story after publication is recorded here automatically. A factual error gets a correction as well, on the corrections page.
Bitcoin rose above Bitcoin hits $85,000 as short squeeze forces out $648 million of bearish bets.
its highest level since January, extending a rally that had built over the past few days, according to CNBC.
The move triggered a short squeeze that forced out Bitcoin hits $85,000 as short squeeze forces out $648 million of bearish bets.
in bearish bets, according to CoinDesk.
CoinGlass data cited by The Block showed at least CoinGlass recorded at least $750 million in crypto liquidations over 24 hours, most of them short positions.
in total crypto liquidations over 24 hours, with most of the losses coming from short positions.
CNBC reported the rally reignited debate over whether the broader “crypto winter” that has weighed on digital-asset markets is coming to an end.
Sources: CoinDesk, The Block, CNBC
This article is for information only and is not financial advice.
What the market did
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Story so far 2 updates
- digestBitcoin reaches $85,000 as short squeeze liquidates $648 million in bearish positionsfirst reported · 2 sourcescoindesk.com · theblock.co
- storyBitcoin Hits $85,000, First Time Since January, as Short Squeeze Wipes Out Hundreds of Millions in Bearish Betsupdate · 3 sourcescoindesk.com · theblock.co · cnbc.com
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