Bitcoin clears $86,000 as $1B in shorts liquidated again – battle now shifts to $90k

Bitcoin’s break above $86,000 has cleared a major pocket of bearish leverage and put $90,000 back in traders’ sights. The largest cryptocurrency climbed as high as $87,363 over the past 24 hours, its strongest level since January, before easing to $85,824 at press time, CryptoSlate data show. The advance pushed Bitcoin through a zone that had repeatedly capped rallies and accumulated short positions over several months. Glassnode said the price action helped BTC reclaim all of its major long-ter