Bitcoin briefly spiked to $97,500 on Wednesday as improving macro sentiment boosted risk assets, driving a sharp increase in liquidations and renewed ETF demand.

Notable Statistics:

Coinglass data shows 149,828 traders were liquidated in the past 24 hours for $848.51 million.       

In the past 24 hours, top gainers include Dash, Internet Computer and Monero.

Notable Developments:

Trader Notes:  Altcoin Sherpa said Bitcoin has finally broken out of its two-month consolidation range, though market sentiment remains cautious due to lingering fear from past false breakouts.

Despite the hesitation, he remains bullish, noting that a move toward $100,000 is still the base case unless a…

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