Bitcoin climbed to nearly $85,000, driven by a massive short squeeze that liquidated $648 million in bearish bets within 24 hours. Despite these forced closures, open interest rose 7.59% to $156 billion, indicating traders are actively replacing positions rather than retreating. The rally is supported by increased futures volume and bullish flows, with large investors holding leveraged long positions. Other tokens like Sui and AI-related coins also saw significant gains, while derivatives data signals potential volatility ahead due to crowded long positions. This surge reflects strong market momentum but also warns of possible corrections.
Bitcoin's market cap on Pluang stands at Rp30.215,42 trillion as of Sep 21, 2026, 17:43 WIB, highlighting its significant scale amid the recent short squeeze. The 24-hour trading volume is notably high at Rp636,34 trillion, reflecting active market participation. Despite the article's focus on a price surge toward $85,000, on Pluang Bitcoin trades at Rp1.504.917.244 with a 6.04% gain for the day, showing strong but measured investor interest.
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