<ul><li>Bitcoin surged above $71,000, nearing its all-time high, causing optimism among analysts.</li><li>Open Interest in Bitcoin reaches $22.6 billion, with half of the positions held by bears.</li><li>The high risk of short liquidations may accelerate buying pressure if BTC continues to climb.</li><li>Traders closely monitor Bitcoin's price levels as a breakout could signal new highs for the cryptocurrency.</li></ul>

Bitcoin Bears Fear A Short Squeeze Above $71,000 As Open Interest Rises To $22.6B

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