Bitcoin Price Action Shows Potential Short Squeeze Near $89,000

Bitcoin’s price action remained relatively steady on Tuesday, with no significant volatility. This has allowed liquidity to build around key levels, particularly near $88,000 and $89,000. Crypto analyst TheKingfisher highlights the potential for short squeezes as a reason for this price movement. The data shows increased short positions around $88,253.90 on Binance, suggesting that a price surge towards that level could occur.