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

CMN Newswire21 September 2026Updated 21 Sept 2026, 12:45 UTC1 min readShare
· 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.

Sources & references

CoinDesk — https://www.coindesk.com/markets/2026/09/21/bitcoin-hits-usd85-000-as-short-squeeze-forces-out-usd648-million-of-bearish-bets

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