Bitcoin hits $85,000 as short squeeze forces out $648 million of bearish bets
TLDR — Open interest climbed 7.
Signal data─ Neutralconfidence 50%Low materiality
AssetEventsector-trendEvent timeAttention0 readers/hrSmart readers0
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.
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