NewsMV
Bitcoin ($BTC) climbed to an intraday high of $87,395 on September 21, marking its strongest price since January 29.
The surge was fueled by a significant short squeeze that liquidated $647.9 million in bearish positions, pushing the asset to a seven-month high.
The next milestone for traders is whether the Coinbase Premium Index can hold its recovery from negative territory to confirm sustained domestic buying pressure.
Positioning and Flow The move in focus was driven by forced selling rather than organic accumulation.
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