Bitcoin Jumps $10,000 in a Week as Shorts Lose $3 Billion

Bitcoin rallied roughly $10,000 over the past week, triggering about $3 billion in short liquidations. The move reflects a pronounced short squeeze that pushed funding rates higher and forced leveraged bearish positions to unwind, amplifying upward momentum. For Bitcoin, the immediate implication is stronger near-term bullish pressure but heightened volatility and susceptibility to sharp pullbacks as leverage rebalances and traders reassess conviction.