A significant liquidation event occurred as Bitcoin and Ethereum prices surged, leading to the clearing of $60 million in short positions. At 1 a.m., Bitcoin broke through $91,000, while Ethereum surpassed $3,000, triggering the liquidation of leveraged traders' positions. The value of a major trader's short position fell from $300 million to $238 million, with floating profits plummeting from $24 million to under $4 million.