🚀 Bitcoin surges 5.7% to $74,679, triggering a massive $540M liquidation wave.

Over 169,000 traders got wiped out, with short sellers hit the hardest—losing $440M (81% of total liquidations). Longs saw ~$100M in losses. The biggest hit came from BTC positions ($236M), followed by Ethereum ($143M) and Solana ($11M+).

ETH jumped 9.4% to $2,388, while SOL gained 5.2%.

What fueled the move? A mix of macro and institutional catalysts. Donald Trump hinted at possible US–Iran de-escalation, boosting market sentiment. At the same time, Strategy revealed a $1B BTC buy, now holding nearly 3.7% of total supply.

With shorts overcrowded, the squeeze pushed BTC above $74K fast. Now the big question: can bulls hold this level?