Bitcoin’s volatile swing to $85,000 and back burns over $431 million in leveraged positions
Bitcoin surged to nearly $85,000 late Wednesday, squeezing short sellers, only to reverse sharply and wipe out bullish bets, falling back to about $81,800. The $3,000 round trip in under a day left bitcoin down 2% over 24 hours and triggered more than $431 million in liquidations across the crypto market, according to CoinGlass data.

































