Bitcoin Tops $71K as Crypto Short Squeeze Triggers $100M Liquidations

TLDR: Bitcoin surged above $71K, triggering a crypto short squeeze that liquidated over $100M in bearish positions. Ethereum followed Bitcoin’s breakout, reclaiming $2,050 as the crypto market cap expanded rapidly. Over $150B flowed back into the crypto market within 36 hours as momentum traders returned. Analysts identify $75K BTC and $2,100 ETH as major liquidation [...]

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