Bitcoin hits $86,912 as 24-hour liquidations top $326M
- —Bitcoin briefly reached $86,912 before falling back below $86,000
- —24-hour liquidations totaled $326.53 million, mostly shorts
- —Bitcoin accounted for about a third of liquidations; over 77,000 traders hit
- —US 10-year Treasury yield eased to 5.23% from a local peak of 5.29%
Why it matters: The break above the $85,000–85,500 barrier triggered a short squeeze and could pave the way for further gains if ETF inflows hold up.
Source: Incrypted