The largest cryptocurrency rose 50% from a low seen two months ago to reach its highest valuation in eight months on Monday. Total levered crypto liquidations reached nearly $900 million in 24 hours, with short positions accounting for $634.7 million of the losses. CoinGlass tracked 114,385 traders wiped out as Bitcoin climbed above $86,000, while long positions saw $121.3 million in liquidations.

Bitcoin ETFs drew $433 million on Friday, the largest single day inflow since Sept. 3. This institutional volume coincided with technical breakouts, including a weekly close above the 50 moving average for the first time since the bear market began and a breach of the $82,814 price level.