Bitcoin briefly tops $81,000... Mass liquidation of short positions

With Trump's victory, Bitcoin rallied day after day, surpassing $81,000 (approximately 12.39 million yen). As of 6:20 a.m. on the 11th, CoinMark, a global coin market relay site,
On the market cap, Bitcoin is at $79,302, up 3.97% from 24 hours ago. However, about two hours ago, Bitcoin surged to $81,054, down 8.
The reason for the sudden rise in Bitcoin is that short positions were liquidated in large quantities amid expectations that various regulations would be lifted following Trump's election.
CoinDesk, a cryptocurrency media outlet, reported that short positions worth $280 million (approximately 42.8 billion yen) were liquidated that day.
With Trump's election victory, the rally is expected to continue for the time being, so many people have taken short positions.
This has led to a 14.83% surge in Bitcoin over the past week. The market is expecting Bitcoin to hit $100,000 by the time of President Trump's inauguration.
President Trump's inauguration is on January 20th next year. As Bitcoin soars, other coins are also rallying in unison. Ethereum, the second largest in market capitalization, is at 1.80.
%, and Solana, the fourth largest by market capitalization, rose 2.43%.