Bitcoin surges past $77,000 as 24-hour crypto liquidations hit $1.24B, with $730M tied to BTC

Bitcoin's break above $77K alongside $1.24B in 24-hour crypto liquidations (including $730M tied to BTC) signals a sharp short-squeeze and forced deleveraging. The scale of liquidations implies thinner liquidity and elevated volatility, while the price breakout may shift near-term positioning and risk appetite across majors as traders recalibrate leverage and hedges.