$600 Million Liquidated From Crypto Market As Bitcoin Surpasses $93K Amid Easing Trade War Concerns

Bitcoin has surged past $93,000 for the first time in seven weeks, sparking a wave of bullish sentiment and triggering over $600 million in crypto market liquidations. The rally has pushed the overall crypto market capitalization above $3 trillion, up 4% in the last 24 hours.

Here’s a snapshot of current major movers:

• Bitcoin (BTC): $93,069, up 5%
• Ethereum (ETH): $1,768, up 12%
• Solana (SOL): $149, up 7%

The breakout has energized investors, with analysts pointing to renewed institutional interest and macroeconomic optimism as potential drivers behind the spike.

According to Coinglass, a whopping $602 million in crypto positions were liquidated in the last 24 hours—a 130% surge—as the market heated up. Meanwhile, open interest climbed 14% to $121.6 billion, signaling a wave of new leveraged positions as traders chase the momentum.

Despite the rally, the Altcoin Season Index sits at 16, indicating we’re firmly in a “Bitcoin Season”, where BTC outpaces altcoins in performance.

On the institutional front, U.S. Bitcoin ETFs are seeing strong demand. April 22 marked their third consecutive day of inflows, with a massive $936 million net inflow—the highest single-day figure since Trump’s return to office earlier this year, according to SoSoValue. This institutional buying pressure appears to be a key force behind Bitcoin’s recent breakout.

Gold spiked to $3,500 briefly before retracing, reflecting a mix of risk-on appetite and inflation hedging.

Meanwhile, Bitcoin’s breakout past $93K is being watched closely as the Fed’s next rate decision and U.S.–China fiscal talks emerge as the next major catalysts for both crypto and traditional markets. With institutional flows rising and macro headlines aligning, volatility is back in a big way.