Bitcoin hits $85,000 as short squeeze forces out $648 million of bearish bets

CoinDeskSeptember 21, 2026 · 10:34 AM2 min read

Open interest climbed 7.59% to $156 billion even as positions were closed out, a sign traders are chasing the move rather than stepping back.

Originally published on CoinDesk

Open interest climbed 7.59% to $156 billion even as positions were closed out, a sign traders are chasing the move rather than stepping back.

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