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Home›Crypto›Market Structure›Bitcoin jumps after short squeeze in derivatives market

Bitcoin jumps after short squeeze in derivatives market

Cointelegraph said BTC rose about 3% on Monday as a short squeeze in derivatives contributed to the move.

Reported · Written up by our desk · Market Structure

Bitcoin surged to around $64.5K after a short squeeze linked to derivatives positioning drove the move, according to Cointelegraph.

The outlet described the spike as a low-volume liquidity trap, where thinner trading conditions can amplify price swings.

Cointelegraph added that Bitcoin derivatives markets were a key factor behind the upward momentum, pushing BTC action about 3% higher on Monday.

Latest closeBitcoin $64,093.21 ▼0.6%

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Sources

CointelegraphBitcoin price spike to $64.5K was ‘low-volume liquidity trap’: Analysis

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