Bitcoin Tops $71K as Crypto Short Squeeze Triggers $100M Liquidations

Bitcoin surged above $71,000, triggering a massive short squeeze that liquidated over $100 million in bearish positions. Ethereum followed suit by reclaiming $2,050, as over $150 billion flowed back into the crypto market within 36 hours, with analysts eyeing $75K BTC and $2,100 ETH as next liquidation levels.