🚨 BTC > 85 000 $ : what’s happening?
Bitcoin has just moved back above $85,000, its highest level since January. But why is this rally happening so fast? 👀
🔥 1. Short squeeze
About 648 M$ short positions have been liquidated in 24 hours. These liquidations can create additional buying pressure. �
The Block
📈 2. Open interest is rising
Open interest has also increased, showing that traders are continuing to open positions in the derivatives market. �
CoinDesk
💰 3. ETF flows and demand
Inflows into Bitcoin ETFs have also been reported, with increased institutional participation. �
The Wall Street Journal
⚠️ But be careful: a sharp rise accompanied by many liquidations can also lead to high volatility.
What do you think: can BTC hold this move, or will it correct? 👇
#BTC☀
Bitcoin has just moved back above $85,000, its highest level since January. But why is this rally happening so fast? 👀
🔥 1. Short squeeze
About 648 M$ short positions have been liquidated in 24 hours. These liquidations can create additional buying pressure. �
The Block
📈 2. Open interest is rising
Open interest has also increased, showing that traders are continuing to open positions in the derivatives market. �
CoinDesk
💰 3. ETF flows and demand
Inflows into Bitcoin ETFs have also been reported, with increased institutional participation. �
The Wall Street Journal
⚠️ But be careful: a sharp rise accompanied by many liquidations can also lead to high volatility.
What do you think: can BTC hold this move, or will it correct? 👇
#BTC☀
