Bitcoin tops $85,000, Ethereum hits $2,700 as $746M in futures liquidated
- —Bitcoin broke above $85,000 and Ethereum above $2,700, the highest since January 2026
- —Futures liquidations hit $746 million, affecting about 137,000 traders
- —Shorts accounted for $647 million of liquidations, longs for $99 million
- —Crypto Fear & Greed Index climbed to 70, signaling greed
Why it matters: A short squeeze is fueling the rally, but a greed-level sentiment index raises the odds of a near-term pullback.
Source: Incrypted