Bitcoin climbed from $81,609 to $85,937, a gain of $4,328 or approximately 5.3% in 24 hours.Today changed the near-term picture. The price surge cleared an eight-month range ceiling on a $648 million short liquidation event, and RSI hit 71 with Fear and Greed at 78 (Extreme Greed, 11 points above the 30-day average of 67). Near-term risk is now elevated: fresh leverage is building into the breakout rather than reducing, which is the primary risk vector to monitor over the next 3 to 7 days.
Bitcoin surged through $85,000 for the first time since January, with $648 million in short positions liquidated and total crypto liquidations exceeding $750 million over 24 hours.
Open interest rose 7.59% to $156 billion even as positions were closed, indicating new leveraged longs are entering at the highs rather than cautious spot buyers dominating.
RSI-14 reached 71.03 (overbought territory) and the Fear and Greed Index hit 78, the highest reading in over a month and 11 points above the 30-day average of 67, signaling sentiment is stretched.
Strategy added 950 Bitcoin for $76 million after a two-week pause, bringing total holdings to 846,000 BTC, which represents approximately 4% of the 21 million supply cap.
Bitcoin reclaimed its 50-week moving average for the first time in 45 weeks, a level that has historically marked the transition out of bear market phases in prior cycles.
Market Snapshot
Market Cap
$1.73T
24h Volume
$60.58B
Dominance
58.8%
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