Bitcoin Breaks Above $86,000 for First Time Since January as Daily Short Liquidations Hit $740 Million

Bitcoin crossed the $86,000 threshold, reclaiming a price level not seen since January of this year.
The rapid surge triggered extensive liquidations across derivatives markets, wiping out approximately $576 million in short positions over the past 12 hours.
Total short liquidations reached an estimated $740 million over the trailing 24-hour window as the rally accelerated.