#BitcoinHits$85K*BREAKING TODAY - Bitcoin hits $85K!
Bitcoin crossed *$85,000 today*, hitting an intraday high that the asset hadn't seen in eight months
- *Current Price:* $85,230.40 with High $85,473.68 and Low $80,414
- Daily Change: *+ $4,656.4 (+5.77%)* aca5f722
*What triggered it?*
- *Short Squeeze:* $635M in shorts liquidated as price jumped, total $648M bearish positions wiped
- *ETF Inflows:* $433M inflows on Friday flipping weekly net positive
- *Macro:* Brent crude falling 4 days straight + hopes ahead of $TRUMP -Xi summit Thursday
- *First weekly close above 50-week MA in 45 weeks* - big technical breakout aca5
$BTC now up >30% since Aug 19 low near $75K, back to Jan 2026 levels.
Bitcoin crossed *$85,000 today*, hitting an intraday high that the asset hadn't seen in eight months
- *Current Price:* $85,230.40 with High $85,473.68 and Low $80,414
- Daily Change: *+ $4,656.4 (+5.77%)* aca5f722
*What triggered it?*
- *Short Squeeze:* $635M in shorts liquidated as price jumped, total $648M bearish positions wiped
- *ETF Inflows:* $433M inflows on Friday flipping weekly net positive
- *Macro:* Brent crude falling 4 days straight + hopes ahead of $TRUMP -Xi summit Thursday
- *First weekly close above 50-week MA in 45 weeks* - big technical breakout aca5
$BTC now up >30% since Aug 19 low near $75K, back to Jan 2026 levels.
