Bitcoin Short Squeeze Boosts Price Above $80K as Remittix Gains Attention

The recent short squeeze in Bitcoin led to a surge past $80,000 on September 18, as approximately $250 million in bearish positions were liquidated within four hours. This sudden influx of buying pressure pushed BTC's price up to roughly $81,700 and has since carried the asset toward $84,600.

The squeeze turned $80,000 into a support level for Bitcoin, indicating that demand continued even after leveraged bears were cleared. However, the rally still depends on spot demand rather than liquidations alone. ETF flows, Federal Reserve policy, and regulatory news will determine whether the advance becomes durable.

Meanwhile, Remittix (RTX) is gaining attention from investors rotating profits from Bitcoin. With a pre-launch token supported by payments, trading, and consumer-facing products, RTX offers a lower entry price and an identifiable near-term catalyst. The project's presale has reached 83.23% completion, with the goal of reaching $32 million in funding before listing.