Bitcoin and ether's sharp 'mechanical' breakouts liquidate nearly $700 million short positions

TL;DR:

Bitcoin's breakout above $95,000 rejuvenated risk appetite, with one market strategist saying that the crypto rally has legs.

Key Points:

Background:

Cryptocurrency markets continue to evolve with new developments affecting the broader digital asset ecosystem.

Why It Matters:

This development could influence BTC price action and market sentiment in the near term.