Bitcoin surged 5% to $81,000, propelled by $140 million in short liquidations across the crypto derivatives market. Major platforms Binance, Bybit, and Hyperliquid were hardest hit, with sessions where short positions accounted for roughly 80% of total liquidation volume. Glassnode flagged one day as the largest single-day short liquidation event since it began tracking the metric in 2019. Bitcoin spot ETFs saw significant inflows, with $232 million entering on a single day and cumulative flows exceeding $1 billion over consecutive days. On-chain data shows long-term holder supply increasing while exchange balances declined, indicating accumulation and coins moving into cold storage.
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