$BTC Breaks through the $85,000 level after a rally wave forced short positions to close.
Bitcoin jumped to $85,000, triggering the withdrawal of about $648 million from bearish bets during a tightening wave against sellers.
Open interest rose 7.59% to reach $156 billion, even as positions closed, indicating that traders are chasing the move rather than stepping back.
This mix could keep volatility elevated as the market tries to hold gains above the new psychological level.
Press $BTC to trade
$BTC
Inviting you to join my group Quant reads and liquidity flows
https://app.binance.com/uni-qr/ikjpw7wR
Bitcoin jumped to $85,000, triggering the withdrawal of about $648 million from bearish bets during a tightening wave against sellers.
Open interest rose 7.59% to reach $156 billion, even as positions closed, indicating that traders are chasing the move rather than stepping back.
This mix could keep volatility elevated as the market tries to hold gains above the new psychological level.
Press $BTC to trade
$BTC
Inviting you to join my group Quant reads and liquidity flows
https://app.binance.com/uni-qr/ikjpw7wR
