Bitcoin once broke through $82,000 on Thursday, hitting a new high since May 11. In the past 24 hours, approximately $510 million in short positions were liquidated, which further fueled buying momentum. Ethereum, XRP, and BNB also saw gains, with market sentiment clearly improving.

Encrypted assets rise in value simultaneously.

Bitcoin has risen by 4.0% to reach $81,209.47. Ethereum has risen by 4.2% to $2,518.82. XRP has risen by 5.7% to $1.45, and BNB has risen by 4.3% to $727.73.

Short liquidation amplifies the upward trend

Data shows that approximately $510 million in short positions were liquidated within 24 hours. As prices rose, some shorts were forced to cover their positions, further driving up market prices.

Macroeconomic sentiment is also improving.

U.S. stocks strengthened on the same day, with the Nasdaq, S&P 500, and Dow Jones all rising. Gold and silver also saw increases simultaneously. The market generally expects that the pressure of rising interest rates to ease, thus providing support for risk assets. The article also mentions that the U.S. Treasury Department plans to increase the repurchase of long-term bonds, coupled with institutions' continued increase in holdings of Bitcoin, which provides additional momentum for the market.