Bitcoin (BTC) extending gains above $81,000 at press time on Wednesday fuels a broader market recovery. Bullish sentiment is gaining strength as the excessive short-side liquidations cross $300 million over the last 24 hours. 

Outperforming the broader market, Zcash (ZEC), Toncoin (TON) and Terra Classic (LUNC) post double-digit gains over the last 24 hours. 

Risk appetite grows amid broader market short squeeze

Bitcoin’s steady recovery amid the US-Iran tensions fuels recovery across altcoins. Crypto Fear and Greed Index rises to 50 on Wednesday as risk-off sentiment wanes. 

Meanwhile, the derivatives market witnesses a bullish shift driven by forced liquidations of short positions….