Bitcoin hits $86K but analysts caution over rising leverage risks

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Bitcoin has surged to $86,000, marking a notable breakout in its recent price action. Analysts suggest the cryptocurrency could push toward $90,000 if short sellers continue to be squeezed out of their positions. However, market observers are warning that leverage is accumulating, which could introduce significant volatility. The next sustained move higher is seen as dependent on genuine spot market buying rather than derivatives-driven momentum.

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