$BTC just smashed through $80,000 while $ETH clawed back above $2,450. In the span of 60 minutes, $90 million in short positions got wiped out. The liquidation cascade hit fast — overleveraged bears got caught on the wrong side as momentum flipped. When this much capital gets forced out in such a short window, it often signals a sharp reversal in sentiment. Shorts covering can fuel the next leg up, especially if buying pressure holds. Watch for follow-through or a quick fade — these moves can be violent both ways.