TREE NEWS reports: Bitcoin rose above $85,000 as $648 million in crypto short positions were liquidated. A short squeeze drove the initial move, but spot buyers have sustained it, and one measure of selling pressure is near a record low.
Bitcoin Tops $85K as $648M in Crypto Shorts Liquidated
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AI take
The squeeze may have lit the fuse, but the more telling detail is that spot buyers, not just forced covering, are carrying the move — and a selling-pressure gauge sitting near record lows suggests holders are not treating this as a exit window. That combination matters for anyone watching whether the rally has real demand behind it or is simply a positioning unwind. The open question is whether that low selling pressure persists once the liquidated shorts are fully flushed.
Generated by AI for reference only.
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