Crypto markets experienced significant liquidations totaling $635.9 million in the past 24 hours, primarily impacting short positions, which accounted for over $560 million. Bitcoin led this trend, with $293 million in liquidations as its price surged past $94,000, marking a 6.29% increase in a day. Ether also saw over $109 million in short liquidations with a nearly 10% rise to $1,787. Binance was the leading exchange for these liquidations, with substantial pressure on bearish traders. Analyst Mister Crypto noted that liquidity is accumulating around the $100,000 level for Bitcoin, hinting at a possible short squeeze, which could drive prices even higher. Conversely, some analysts remain cautious, citing that impending macroeconomic factors, like the Federal Reserve's meetings and trade negotiations, could influence Bitcoin's trajectory. Although optimism surrounds Bitcoin's recent performance, uncertainties remain regarding its climb to $100,000.

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