Bitcoin just smashed through $85,000, triggering a massive $648 million short squeeze that completely caught bears off guard. What makes this rally particularly interesting is that open interest actually surged nearly 8% to $156 billion instead of cooling down. This tells us traders aren't just covering losing bets—they are aggressively FOMOing into the upside. Momentum is firmly in the driver's seat right now, and chasing strength seems to be the preferred playbook for the market. $BTC #Bitcoin #CryptoTrading #MarketUpdate