
$BTCT: $223M changed hands today
$223M of $BTCT changed hands today, up 61.4% to $1.35. Number 2 on the Day Trade board.
Not seeing any news on it yet. If you know something, add it in the comments.
What we are seeing: 119M shares traded and most alerted 6 alerts, across 2 of our boards at once.
About 13% of the shares available to trade are sold short. That means traders borrowed them and sold, betting the price falls, and the only way to close that bet is to buy the stock back. So when a heavily shorted name climbs on volume like this, some of them get forced to buy, which pushes it up further. That feedback loop is what people mean by a squeeze.
Levels on the chart: today's range is $1.33 to $1.44, it is 6.2% under that high and yesterday's close was $0.837.
Anyone got a different read on it?
Flagged Aug 21, 2026, 12:01 AM ET at $1.35.