MARKETS: $300M in short positions wiped out in the past hour as BTC breaks above $84,000

BTC's move above $84,000 alongside roughly $300M in short liquidations signals a squeeze-driven rally and forced positioning resets. Such liquidation cascades typically amplify spot and derivatives volatility, tighten near-term liquidity for leveraged bears, and can propagate risk-on sentiment across major crypto assets as hedges are unwound and momentum traders add exposure.