$1.09 billion in leveraged crypto positions were liquidated in 24 hours on September 21 during a rally in digital assets. Short positions accounted for $919.48 million of the total, including $557.64 million in Bitcoin shorts after the token hit $87,000. The total crypto market capitalization increased 5.4%, adding $160 billion to its value in a single day.

Ethereum reached $2,800, its highest level since January. Bitcoin gained 7.3% in 24 hours and 10% over the past seven days, marking a 50% increase from its low two months ago and a 17.5% gain this month despite a Senate failure to pass the Clarity Act. Total crypto market cap surpassed $3 trillion, and James Seyffart, a Bloomberg ETF analyst, stated that the average Bitcoin ETF holder is back in profit for the first time since January.