Liquidation Frenzy: Bitcoin Surges Past $93K, Unleashing a $657M Crypto Purge

  • TL;DR Bitcoin surpassed $93,000 for the first time in seven weeks, triggering a rally that wiped out over $650 million from the crypto market. Most of the liquidations were short positions, revealing a sudden shift in market sentiment. Meanwhile, U.S.-based Bitcoin ETFs recorded their highest capital inflow since Trump took office.