The crypto market briefly reclaimed the $3 trillion capitalization on Tuesday, driven by Bitcoin and several major altcoins. BTC was trading around $86,000, up about 4.5% over 24 hours, while
The crypto market briefly reclaimed the $3 trillion capitalization on Tuesday, driven by Bitcoin and several major altcoins. BTC was trading around $86,000, up about 4.5% over 24 hours, while DOGE gained nearly 11%, XRP 5.7%, and Solana 3.6%. Behind the rebound, another figure stands out: over $920 million in short positions were liquidated on Monday. American Bitcoin ETFs also attracted nearly $1 billion in a single session.
Bitcoin accelerated above $86,000, a level it had not reached since late January. The rise continues the move observed on Monday, when BTC gained nearly 6% in a few hours.
Cointribune had already noted that Bitcoin had reclaimed $86,000 while maintaining a still fragile spot demand. This time, the movement extended to a large part of the market.
Ether was trading around $2,745, up 2.3%. XRP gained 5.7% at $1.53 and Solana 3.6% around $117. BNB advanced more modestly by 1.6%. Dogecoin did better with nearly an 11% increase.
The total capitalization briefly surpassed $3 trillion before falling just below that threshold at the time of the report. Over 24 hours, the market gained about 4.3%.
Bitcoin remains the main driver. Altcoins benefit from the movement but do not all progress with the same intensity.
A much more speculative example is found further down the ranking. AKE, a token linked to the Akedo ecosystem, had gained about 170% in seven days before losing more than 60% from its all-time high reached on Sunday.
Your 1st cryptos with BinanceThis link uses an affiliate program.The rebound does not come only from derivatives markets. American spot Bitcoin ETFs recorded nearly $1 billion in inflows on Monday, their best day since October 2025.
The funds had already been regaining capital for several weeks. In early September, Bitcoin ETFs had attracted about $3.8 billion in three weeks, their best streak of 2026 at that time.
Monday’s figure marks a further acceleration. It comes after several irregular months for American Bitcoin products. Withdrawals had sometimes exceeded several hundred million dollars in a single session. Even on September 15, ETFs recorded $450.4 million in net outflows. A few days were enough to change the flow picture.
Bitcoin also benefits from a more favorable market context than last week. Oil prices fell and U.S. stocks rebounded on Monday. BTC took advantage of the general movement of risky assets to exceed $86,000, its highest level in 33 weeks.
However, $1 billion in inflows in one day does not guarantee that flows will remain at the same level. Bitcoin ETFs have already quickly alternated between strong inflows and outflows this year.
Perhaps the most spectacular figure comes from derivatives.
More than $920 million in short positions were liquidated on Monday during the market rally. Sellers who bet on a decline in Bitcoin and altcoins had to close their positions as prices rose.
Bitcoin had already triggered this type of movement a few days earlier. When it returned above $81,000, the BTC recovery was accompanied by a strong wave of short liquidations.
This time, the phenomenon comes with more leverage. The open interest on crypto perpetual contracts now approaches $160 billion, its highest level since late October 2025.
This amount measures the positions still open on these derivative products. It does not mean that $160 billion is about to be liquidated. It mainly shows that traders are using a lot of leverage again.
And it works both ways. The rise can force sellers to buy back their positions and further accelerate the movement. A rapid drop can cause exactly the opposite among traders positioned on the upside. Bitcoin therefore returns near $86,000, ETFs capture nearly $1 billion in a session, and the market returns to the $3 trillion zone. The rebound is strong. Leverage has already returned with it.
