Bitcoin jumped more than $3,000 in an hour, reclaiming the $90,000 level as around $120 million in leveraged short positions were liquidated, fueling a sharp upside move.

Minutes later, the trend flipped. Roughly $200 million in leveraged long positions were wiped out, sending Bitcoin back down toward $86,000.

In less than two hours, the rapid back-and-forth erased and added roughly $140 billion in market value, highlighting extreme volatility driven by leverage. $BTC