Crypto markets saw $950 million in liquidations over 24 hours as Bitcoin surged from approximately $75,600 to above $81,000 following U.S. midterm elections. Short sellers bore the brunt of the rally, accounting for $560 million in forced closures, according to CoinGlass data. The sharp reversal highlights how macro-political events continue to drive volatility in digital asset markets, with leveraged positions unwinding rapidly during price swings.