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Why Is Crypto Up Today? Bitcoin Hits $74K, $143M Shorts Liquidated

Why Is Crypto Up Today? Bitcoin Hits $74K, $143M Shorts Liquidated

The Hook: $1,800 in 30 Minutes — This Isn’t a Slow Grind

Bitcoin just ripped $1,800 in under 30 minutes on March 16, hitting a 40-day high of $74,300 and catching the entire derivatives market off guard. The move triggered $113 million in short liquidations within a single hour, with total 24-hour short liquidations reaching $143 million — accounting for 74% of the nearly $200 million in total liquidations across more than 70,000 traders.

Ethereum surged 7.6% in the same session. The total crypto market cap climbed to a weekly high of $2.52 trillion. And the Fear & Greed Index flipped from “Extreme Fear” to “Fear” — a subtle but meaningful signal that the worst of the geopolitical selloff may be behind us.

So why is…

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