Bitcoin crosses $85,000 amid $648M short liquidations
Bitcoin crossed $85,000 on September 21, 2026, with an intraday high not seen in eight months, as forced short closures totaling $648 million helped drive the move.
Bitcoin crossed $85,000 on September 21, 2026, reaching an intraday high not seen in eight months. The move was not driven by fresh buyers alone, with a wave of forced short closures doing much of the work. Across the derivatives market, $648 million in bearish positions were liquidated.