Bitcoin Breaks $80K as Short Liquidations Top $140 Million

The crypto market is heating up again after a period of quiet price action. Bitcoin took the lead by climbing above $80,000 for the first time in a week. This move comes shortly after the asset tested support levels near $76,000, showing that buying pressure remains strong despite recent global tensions.

Altcoins are moving alongside the market leader. Ethereum has pushed toward $2,500, while XRP and BNB have also posted significant gains. This rally caught many traders by surprise, leading to a massive wave of liquidations across the board.

Data shows that over $140 million in short positions were liquidated in a single hour. Total liquidations over the past day have surpassed $400 million, affecting nearly 110,000 traders. The largest single hit happened on Binance, totaling over $5 million.

With volatility returning to the charts, traders should watch for sustained momentum above these new levels. While the bulls are currently in control, rapid shifts in sentiment often follow high liquidation events, so keeping an eye on trading volume will be key in the coming hours.