coindesk
Crypto Markets Today: BTC Pressures $120K as Traders Brace for Potential Short Squeeze
Related Cryptocurrencies
BTC
Bitcoin
$92,194
-1.98%
ETH
Ethereum
$3,021.46
-2.12%
XRP
XRP
$2.16
-1.72%
SOL
Wrapped SOL
$131.56
-4.28%
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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