Industry Newsbitcoinderivativesaltcoinsdecentralized finance
Bitcoin Tops $71,000 After Mass Short Liquidations
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Bitcoin rose about 4% to roughly $71,000 on Mar. 24, 2026, as over $550 million of predominantly short leveraged crypto futures were liquidated, traders and derivatives data show. Open interest in major USD- and USDT-denominated futures declined, suggesting the rally lacked fresh leveraged participation, while altcoins outperformed amid DeFi weakness and cooling memecoin performance.
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