Bitcoin Tops $70,000 Amid a Short Squeeze, but 3 Metrics Hold the Real Signal

Bitcoin (BTC) briefly traded above $70,000 yesterday for the first time since June 2. Short liquidations reached $2.74 billion over the past 24 hours. The rally started with policy signals from Washington. Forced short covering then amplified the move, turning a macro catalyst into a cascade across derivatives markets. Now, a key question arises: Will