Bitcoin Breaks $84K as Short Squeeze Fuels Crypto Rally

Bitcoin surged above $84,000 on Monday, trading around $84,984, a 5.4% gain in 24 hours, surpassing the Sept. 4 high of $82,284. Crypto liquidations reached $746 million in 24 hours, with $647.9 million from shorts, fueling the rally. Heavy short liquidations and derivatives activity drove gains across the market.