Bitcoin and Ether bears get decimated amid 'squeeze-led' rally and Musk's X wants to pay creators in stablecoins: Crypto

A sharp, squeeze-driven rally forced large short liquidations in Bitcoin and Ether, decimating bearish positions and sending prices higher with elevated intraday volatility. The forced covering amplified momentum and attracted fresh buying, tightening near-term technicals for Bitcoin. Separately, Musk's X exploring paying creators in stablecoins signals growing mainstream utility for crypto rails and could increase stablecoin on-chain flows and liquidity. For Bitcoin, the net implication is greater investor attention and potential price upside amid continued squeeze-prone volatility.