coindesk
Crypto Markets Today: BTC Pressures $120K as Traders Brace for Potential Short Squeeze
Related Cryptocurrencies
BTC
Bitcoin
$120,105
+0.50%
ETH
Ethereum
$4,448.1
+1.09%
SOL
Solana
$228.16
+1.16%
XRP
XRP
$3.02
+1.50%
TL;DR
Bitcoin is testing resistance at $120,000, with potential for a short squeeze. Altcoin market is performing well despite lower volatility. Derivatives market shows bullish sentiment with high open interest and funding rates.
Summary
Bitcoin is testing resistance at $120,000, with potential for a short squeeze. Altcoin market is performing well despite lower volatility. Derivatives market shows bullish sentiment with high open interest and funding rates.
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