# Short Squeeze

The Great Crypto Squeeze: Bitcoin Surmounts $75,000 as Short Sellers Face $500 Million Reckoning

Bitcoin has surged past the $75,000 mark, triggering over $660 million in market-wide liquidations and severely punishing short-sellers. The rally is supported by a weakening US dollar and a significant drop in international oil prices, signaling a broader shift toward risk-on investment strategies.