BTC presses $87K after short-liquidation squeeze

Bitcoin broke the $85K liquidity wall, reached about $86,857, and triggered roughly $122M in short liquidations. ETF inflows of approximately $134.4M across two sessions and softer labor data are constructive, but the $87.3K test still requires volume confirmation because momentum is weakening and DXY, Treasury yields, geopolitical risk, and upcoming CPI/Fed events could invalidate the move.