Bitcoin broke above the $30,000 mark for the first time since early August, possibly due to rumors about the possible approval of a spot BTC ETF in the US. 📈 Some altcoins have performed even better in the last 24 hours, leading to massive liquidation of short traders.

This is the second time Bitcoin has risen this week, and while the first was due to misinformation about a spot ETF, the rise appears to be more sustainable. 💪 Altcoins are also in the green, with XRP rising above $0.5 after another win over the SEC, and SOL soaring double digits to a multi-week high at $27.

These bullish moves caused a lot of damage to short traders with high leverage. The total value of positions liquidated exceeded $100 million in 24 hours, with short trades accounting for approximately 80% of the total.