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Bitcoin
2026-07-23 18:15:16

Bitcoin Breaks $78,800, Eight Billion in Short Positions at Risk of Squeeze Near $80K

Bitcoin surged past $78,800, closing in on $80,000. Spot CVD hit 11,500 BTC, the highest since mid-February, while open interest rose 6.64%. Nearly $2.1 billion in short positions sit in the $78,000-$80,000 range. Institutional demand is tightening OTC supply, and ETFs recorded nine straight days of inflows totaling $1.97 billion in April.

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Bitcoin Breaks $78,800, Eight Billion in Short Positions at Risk of Squeeze Near $80K