Wintermute says Bitcoin’s push past $80,000 is a short squeeze, not a healthy rally amid stagnant US Iran negotiations

Bitcoin has crossed $80,000. For the first time since January. However, Wintermute, the algorithmic trading firm, believes this to be only a “short squeeze” and has warned that the move is driven by liquidations in the derivatives market, not genuine spot buying by traders. This market report would mean the current price levels are very...