Bitcoin Tops $85K as $648M in Crypto Shorts Liquidated
A short squeeze started the move, but spot buyers have sustained it, and one measure of selling pressure is near a record low
NEAR crypto’s 15% rally meets $70M TVL catalyst – Is $3
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A short squeeze started the move, but spot buyers have sustained it, and one measure of selling pressure is near a record low
This follows the liquidation of nearly $270 million in short positions across BTC, ETH, SOL, XRP, DOGE, ZEC, HYPE, and other top altcoins in just an hour
The gains coincide with a 663% increase in inflows to the Binance exchange and a surge in XRP’s open interest to $3
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