The #crypto market just saw another massive move as #bitcoin.” broke out of its previous range to hit $84,984.

The sudden price pump was mainly driven by a huge wave of liquidations, wiping out $746 million worth of positions in 24 hours. Over $647 million of that came directly from short sellers who were betting on the market to fall.

Here’s what’s happening right now:

• Bulls in Control: Aggressive buying momentum is pushing the market higher, with open interest climbing steadily.

• #Altcoins Joining the Rally: SUI jumped over 12%, while AI-related tokens like FET and TAO are also posting solid gains.

• High Risk: While the overall momentum looks bullish, high leverage in the market means volatility will remain high.