Bitcoin's recent rise to $82,000 is raising concerns that the surge is fueled by a short squeeze rather than genuine spot buying. Open interest in Bitcoin futures jumped $10 billion in a month, with short sellers getting liquidated and covering positions, suggesting leverage-driven moves instead of organic demand. Spot trading volumes remain low, hitting two-year lows, which contrasts with previous bull markets confirmed by strong spot buying. While ETF inflows and low exchange reserves support a positive long-term outlook, the current rally's sustainability is uncertain, especially as the RSI nears overbought levels and further spot buying has yet to materialize.
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Gabriel Holding A/S has agreed to sell its European FurnMaster furniture manufacturing operations, including subsidiaries in Poland and Lithuania, to Leggett & Platt for an initial price of approximately EUR 9 million, with a possible additional paym...
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