Bitcoin Added And Lost Nearly $100 Billion In Hours, What Just Happened?

Bitcoin experienced an extreme bout of volatility on December 17, surging more than $3,000 in under an hour before reversing sharply and falling back toward $86,000. The violent swing did not follow any major news. Instead, market data shows the move was driven by leverage, positioning, and fragile liquidity conditions. A Short Squeeze Pushed Bitcoin Higher The initial rally began as Bitcoin pushed toward the $90,000 level, a major psychological and technical resistance zone source: https://beincrypto.com/bitcoin-short-squeeze-reason-explained/