Bitcoin tests $75,000 as $200 million in shorts face liquidation risk

Bitcoin price approaches $75,000 level with $200 million in shorts at risk of liquidation, rising open interest and shifting volatility dynamics in focus. What to know : Roughly $200 million in short positions could be liquidated if bitcoin crosses above $75,500, potentially accelerating a breakout. Open interest in bitcoin and ether futures has surged alongside positive funding rates and buying pressure. Implied volatility has stopped falling even as prices rise, raising questions about the sustainability of the rally.