✉news BusinessCrypto first seen 5 h ago, last 5 min ago, peak #11
Bitcoin nears $88,000 as short sellers pile up
Original: Bitcoin price today: BTC USD nears $88,000 as short sellers pile up - will the crypto hit $93,000 next?
Bitcoin is trading near $88,000, with market attention focused on whether the cryptocurrency could climb toward $93,000. A buildup of short sellers — traders betting on a price fall — is seen by some as fuel for a possible short squeeze that could push prices higher. Traders are watching whether bullish momentum can continue or whether the heavy bearish positioning signals a coming pullback.
Why now: Bitcoin's rapid price rise and heavy short selling have traders debating whether a squeeze toward $93,000 is imminent.
Evidence
- Bitcoin price today: BTC USD nears $88,000 as short sellers pile up - will the crypto hit $93,000 next? · The Economic Times
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