Bitcoin Hits $69,000, Ethereum Goes on 20% Bull Rampage, XRP, SOL Pump 10% on Historic Crypto Day

Cryptocurrency markets saw their biggest short position liquidation day in history on Wednesday, with over $1 billion in shorts liquidated over the space of a few hours.CryptocurrencyTickerPriceBitcoin$69,490Ethereum$2,281Solana$86.28XRP$1.10Dogecoin$0.0755Shiba Inu(CRYPTO: SHIB)$0.054686Notable Statistics:Coinglass data shows 126,017 traders were liquidated in the past 24 hours for $1.92 billion. SoSoValue data shows net inflows of $189.3 million from spot Bitcoin ETFs on Tuesday. Spot Ethereum ETFs saw net inflows of $71.5 million.In the past 24 hours, top gainers include Bitway, Pump.fun and MemeCore.Notable Developments:Bitcoin, Ethereum, XRP Explode Over 6% Higher: Treasury’s Move Will Send ‘Inflation Soaring,’ Peter Schiff WarnsBTC Cracks $68,000 and You May Want to Look at Kalshi to Predict Bitcoin’s Next Move Before Binance DoesStrategy, Bitmine, Coinbase Surge Over 12% as CLARITY Act Optimism BuildsCameron Winklevoss Calls Bitcoin at $65,000 an ‘Unprecedented’ Buy: Does the Data Agree?XRP Open Interest Hits 2-Month High: Is That Bullish?Bitcoin Volatility Craters to 27% as VanEck Flags 8 Of 12 Capitulation Signals FiringCLARITY Act Has a ‘Really Good Shot’ to Pass in September, Tim Scott SaysBitcoin ETFs See $486M Inflows in 2 Days: Could This Be the Best Week Since January?Trader Notes:Trader Michael van de Poppe said Bitcoin’s surge to $69,000 wiped out shorts and cleared liquidity above $68,200.He expects a pullback rather than an immediate continuation, viewing $66,500–$67,000 as a buying zone before a potential move toward $72,000–$73,500.Trader KillaXBT compared Bitcoin’s current 2026 structure with its 2022 bottom, suggesting a pullback from $68,000–$70,000 could still hold above previous lows.However, the pattern would require BTC to re-enter the range and show clear 4-hour/daily exhaustion; failure to do so would invalidate the fractal.Image: Shutterstock