A "mechanical" breakout in Bitcoin and Ether led to the liquidation of nearly $700 million in short positions, according to a CoinDesk report. The surge above $95,000 in Bitcoin has reportedly rejuvenated risk appetite in the crypto market. A market strategist suggests that the current crypto rally may have further potential, according to the report.

A "mechanical" breakout in Bitcoin and Ether led to the liquidation of nearly $700 million in short positions, according to a CoinDesk report. The surge above $95,000 in Bitcoin has reportedly rejuvenated risk appetite in the crypto market. A market strategist suggests that the current crypto rally may have further potential, according to the report.