Bitcoin Reclaims $88K; 24H Liquidations Near $628M as Gold Attracts Flows

Bitcoin hovered near $88,000 on Wednesday after a turbulent stretch, as roughly $628 million in 24-hour liquidations swept the crypto market, according to derivatives heatmap data. Shorts lost more than $230 million, with nearly $200 million cleared in ETH and about $180 million in BTC, while rotation into gold and long‑term holder selling kept sentiment cautious.