$BTC
BTCUSDT
Perp
87,244.3
-1.29%
Bitcoin targets a short squeeze of $89K as the S&P 500 is only 2% below its all-time high.
Bitcoin holds steady near $87,000 in the Wall Street opening on Wednesday as analysts warn that a major squeeze on short positions toward $89,000 could be imminent.
Although the daily volatility is low, the market position indicates a liquidity accumulation above the spot price — a setup that could force short sellers to capitulate if BTC makes a decisive upward move.
ETHUSDT
Perp
2,922.63
-1.37%