Bitcoin jumped 1.81% to US$86,350.24. Is this a real breakout or a short squeeze?

e27 - Oct 5, 2026

Bitcoin rose 1.81 per cent to US$86,350.24 in 24 hours, slightly outperforming the broader market, which gained 1.45 per cent. The move looks modest on the surface. Underneath, two forces drove the gain. Renewed spot ETF demand and a softer macro backdrop gave the largest cryptocurrency a firmer floor. A short squeeze then amplified the […] The post Bitcoin jumped 1.81% to US$86,350.24. Is this a real breakout or a short squeeze? appeared first on e27.

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