Bitcoin sentiment turns bullish after a short squeeze
BTC rose through NY on forced short covering, and several traders are calling for a return to ATH or $100k. Others remain cautious about alts and the macro picture.
What we know
An account on X says BTC rose 2.3% with ~$152M of shorts wiped on flat OI, so the move was mostly squeeze-driven. Another account on X sees the monthly chart heading back to ATH, and another account on X calls $100k 'mathematical'. Another account on X notes BTC is at $80k despite a major hack a week ago, and another account on X laments alts that can't hold overnight.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.