Bitcoin and ether's sharp breakouts liquidate nearly $700 million short positions

Bitcoin's breakout above $Bitcoin surged past $95,000, reaching $97,800, marking a 3.5% gain in 24 hours.

Ethereum's ether rose 5% to $3,380, surpassing the $3,300 level for the first time in 2026.

The breakout led to $700 million in liquidations of leveraged short positions, with bitcoin and ether shorts comprising the majority.the second largest cryptocurrency, Ethereum’s ether

ETH

$3,314.25

, outpaced bitcoin's gains, rallying 5% to $3,380 — its highest price in over a month — and breaking through the key $3,300 level for the first time in 2026 $BTC $ETH #ETHETFsApproved #Write2Earn #Squar2earn

ETHUSDT

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3,335.67

+0.38%