Over $930 Million in Crypto Liquidated as Bitcoin Surpasses $86,000

The cryptocurrency market saw $930.04 million in leveraged positions liquidated over the past 24 hours as Bitcoin's price climbed above $86,000. According to CoinGlass, short positions accounted for the majority of these liquidations, with Bitcoin shorts totaling $454.95 million and Ethereum shorts reaching $172.68 million. More than 131,000 traders were affected, including a single liquidation of an $11.29 million Bitcoin position on Binance. Bitcoin is currently trading at $86,038, marking a 5.5% increase over the last day.