Bitcoin Tops $80,000 as Short Squeeze Drives $715M in Liquidations

Bitcoin held above $80,000, gaining about 2.5% in 24 hours to near $80,250. Crypto futures liquidations rose 53% to $715 million, with roughly 65% from shorts, and Bitcoin liquidations of $267 million were about 93% short. U.S. spot Bitcoin ETFs drew $74.6 million in net inflows, ending three days of outflows. Open interest rose just 0.3%, pointing to short covering over new longs.