Bitcoin Surges Above $87,000 as Short Squeeze Accelerates

Bitcoin surged to its strongest level in eight months after breaking through $85,000 and reaching above $87,250. The rally was driven by spot ETF inflows of roughly $999 million, corporate buying, improving sentiment, and the forced closure of bearish positions.

The upward move accelerated as traders closed short positions, showing how quickly market structure can amplify genuine spot demand.

Remittix, a smaller project capable of producing larger percentage moves, is positioning for this rotation with its PayFi platform designed to move crypto into bank accounts while supporting trading, mobile asset management, and planned yield.