Bitcoin Price Surge Forces Short Sellers to Cover as BTC Climbs Higher

Bitcoin (BTC) is witnessing a significant price rally, triggering a wave of short covering in the derivatives market. As the BTC price climbs, traders who had bet on a decline are now scrambling to exit their positions to limit losses. This buying pressure from short squeezes can further fuel upward momentum. Market data indicates a sharp increase in liquidations for short positions across major exchanges. Analysts are monitoring key resistance levels as the bullish move attracts renewed institutional and retail interest in the cryptocurrency.