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Bitcoin tumbles to new multi-year low of $58,000, but a short-squeeze setup emerges

CoinDesk· Krisztian Sandor· Jun 25, 2026 · 3:03 PM
Bitcoin tumbles to new multi-year low of $58,000, but a short-squeeze setup emerges

Derivatives markets signal that betting on further slide in prices is getting overcrowded, setting up for a potential snapback.

This is a summary. Read the complete story at CoinDesk below.

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