Bitcoin Hits $86,000 After Short Squeeze, but Leverage Is Back

Bitcoin has pushed through $86,000, marking a fresh eight-month high as a wave of forced buying cleared out bearish bets. The move was sharp enough to revive momentum across crypto, but it also exposed a familiar tension: derivatives traders are getting aggressive again faster than underlying demand.Roughly $750 million in bearish crypto derivative positions were liquidated as bitcoin broke above $82,000, according to CoinGlass data. When short positions are forced closed, exchanges execute buy