Bitcoin’s $80K breakout needs spot demand after short squeeze: analysts

NewsMon, 24 Aug 2026 17:10:57 UTC1 hour ago
Bitcoin’s $80K breakout needs spot demand after short squeeze: analysts
Bitcoin has climbed nearly 24% from below $64,000 toward $80,000 as U.S. spot ETF inflows and forced short covering have fueled its strongest weekly advance since March 2023. Nansen senior research analyst Nicolai Søndergaard told crypto.news that Bitcoin has probably…
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