Bitcoin pushed past $87,000 on Monday before stabilizing slightly below it. This rally triggered a wave of market optimism, with Bitcoin-related FOMO reaching a level not seen since late 2024. Approximately $648 million in bearish positions were liquidated within 24 hours, while trading volume jumped 39%. Open interest across the crypto market rose 7.6% to $156 billion, suggesting many traders are quickly replacing closed positions with new leveraged ones.
Source: Read the original article
