Bitcoin Surges 26% on $3.1B Short Squeeze

Bitcoin's price surged by over 26% in just five days, reaching nearly $79,500 due to a massive short squeeze of $3.1 billion.

The sudden increase triggered strong retail investor fear-of-missing-out (FOMO), which has given them more market influence, particularly through zero DTE options.

Experts note that some forecasts suggest Bitcoin could reach $126,000 by year-end, but warn against buying driven by FOMO, as the rally may be overextended and a pullback is expected once the short squeeze effect fades.