Key Takeaways Bitcoin’s price rallied past $86,000, lifting its market cap to $1.72 trillion and trimming YTD losses below 2%. The rapid surge triggered over $454 million in bitcoin short liquidations within a 24-hour window. Glassnode anticipates ongoing momentum, though $300 million in weekly ETF outflows remains a drag. Two Waves of Price Action Lead to $1.72T Market Cap Bitcoin’s price tapped $86,000 shortly after midmorning as the cryptocurrency built on Friday’s momentum, when it reclaimed the $80,000 threshold. The latest climb also brought the asset within striking distance of its 2026 opening price, narrowing its year-to-date losses to less …