Bitcoin Tops $85,000, Highest Since January — SkimNews
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- Bitcoin climbed above $85,000, reaching its highest level since January, according to matching headlines from WSJ, CNBC, and CoinDesk.
- Short liquidations totaled $300 million in one hour as Bitcoin crossed $85,000, per CoinDesk — the mechanical force behind the move that price-only headlines from WSJ and CNBC leave unexplained.
Why it matters: Bitcoin's push past $85,000 marks its strongest price in roughly eight months (WSJ, CNBC), and the $300 million in one-hour short liquidations (CoinDesk) shows the rally was driven at least partly by forced covering rather than steady organic demand — short sellers, not long-term holders, were on the wrong side of this move.
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