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

CoinDesk
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Bitcoin hits $85,000 as short squeeze forces out $648 million of bearish bets

Open interest climbed 7.59% to $156 billion even as positions were closed out, a sign traders are chasing the move rather than stepping back.

Key Takeaways

  1. Open interest climbed 7.59% to $156 billion even as positions were closed out, a sign traders are chasing the move rather than stepping back.
  2. Read the full article for additional context and details.
  3. Read the full article for additional context and details.
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Summary generated by IndiCrypto from CoinDesk. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.