The cryptocurrency market approached the $3 trillion capitalization mark on Tuesday after a sharp Bitcoin rally triggered hundreds of millions of dollars in liquidations and attracted heavy institutional inflows. Bitcoin surged toward $87,400 during the move, forcing traders to close roughly $557.79 million in leveraged positions, according to CoinGlass data cited in the original report. Short positions represented about 70% of liquidations, led by $242.47 million in BTC perpetual contracts and $100.83 million in Ethereum perpetuals. Institutional demand provided additional momentum. Spot… Read more
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