Bitcoin climbed as high as $87,363 before trading near $86,000, while gains across major altcoins briefly pushed total cryptocurrency market capitalization above $3 trillion. Ether rose to $2,745, XRP to $1.53, Solana to $117 and BNB added 1.6%; Dogecoin gained about 11%. The market remained up about 4.3% over 24 hours after slipping slightly below the $3 trillion threshold. More than $1 billion in short positions were liquidated during the rally, while open interest in perpetual futures rose to about $160 billion, its highest level since late October last year. U.S. spot Bitcoin ETFs recorded about $1 billion in net inflows, the largest daily inflow since October last year. Glassnode said Bitcoin reclaimed major long-term moving averages after roughly 300 days below them, as well as its True Market Mean and short-term holder cost basis. Bitview recorded more than 1 million BTC, worth over $92 billion, changing hands in the past week, the highest transaction volume in four years and above activity around Bitcoin’s October 2025 peak. The breakout cleared a major short-liquidation zone, but further progress toward $90,000 will depend more on fresh demand and whether rebuilt long exposure withstands a pullback. Options positioning remains concentrated around $90,000, $95,000 and $100,000, while bullish discussion has reached its strongest level since 2024 and the Fear and Greed Index is approaching extreme greed.