Bitcoin tops $85,000 for first time since January, triggering short squeeze

Bitcoin rose above $85,000 for the first time since January, up more than 5% in 24 hours, triggering a short squeeze that liquidated over $750 million in crypto positions, including $648 million in shorts. A trader's aggregated view of Coinbase, Binance, Kraken and Bitfinex order books had flagged a speed bump at $83,000 and the next sell wall at $85,000.

Detected & updated continuously · Source: Nebula