Bitcoin surged to $91,767 on December 7, 2025, triggering $348.32 million in liquidations across the crypto market. The rally, fueled by significant buying pressure, resulted in $118.86 million in short positions and $229.46 million in long positions being wiped out within 24 hours. Ethereum led the liquidation wave with $135.14 million, while Bitcoin accounted for $78.48 million. The largest single liquidation was a $17.81 million ETH-USD position on Hyperliquid. The surge was accompanied by strong volume spikes, indicating potential institutional or whale activity.