Bitcoin could test $90,000 after short squeeze, but traders warn leverage is building
- —Bitcoin broke out to $86,000
- —Analysts see a possible test of $90,000 after the short squeeze
- —Traders warn leverage is building
- —Further gains hinge on spot buyers showing up
Why it matters: A leverage-driven rally without spot demand is fragile and raises the risk of a sharp pullback.
Source: CoinDesk