Bitcoin blasted past $80,000 overnight, fueled by a massive short squeeze. Between September 18 and 19, BTC jumped around 5%, peaking at $81,600 before settling near $81,000 as of press time.

The Market Moves With BTC

The rally wasn't limited to Bitcoin. Ethereum pumped 5.8% to $2,600, while Solana soared over 7% to hit $112. Hyperliquid’s token smashed its all-time high, climbing above $90.

Liquidations and the Short Squeeze

This move triggered a wave of forced liquidations across the board. In the past 24 hours, 118,139 traders saw their positions wiped out.