Bitcoin's price surged to $92,000 on Tuesday, leading to a significant short squeeze that resulted in the liquidation of $182 million in Bitcoin short positions. This price recovery comes after Bitcoin dipped below $84,000 on Monday, sparking a broader market rally. Ethereum and Solana also experienced notable liquidations, with $95 million and $18 million in short positions closed, respectively. In total, the crypto derivatives market witnessed over $410 million in liquidations over the past 24 hours, with 85% of these attributed to short contracts.