Bitcoin Experiences Short Squeeze, Surges Near $26,000 Amid Derivative Bet Unwinding
In a dramatic turnaround, Bitcoin (BTC) surged close to $26,000 during Asian trading hours, reversing Monday’s dip to three-month lows below $25,000. This sudden rise appears to be driven by a short squeeze, which is essentially a rally fueled by the closing of bearish bets in the derivatives market. The Short Squeeze Unveiled As Bitcoin’s…