Bitcoin Nears $87K as ETF Inflows Fuel $558M Crypto Short Squeeze

The cryptocurrency market approached the $3 trillion capitalization mark on Tuesday after a sharp Bitcoin rally triggered hundreds of millions of dollars in liquidations and attracted heavy institutional inflows. Bitcoin surged toward $87,400 during the move, forcing traders to close roughly $557.79 million in leveraged positions, according to CoinGlass data cited in the original report.