Bitcoin reached a high of $86,332 on Monday, marking an eight-month high and its first since January this year. Over the past 24 hours, total crypto market liquidations amounted to $877.31 million, with approximately 84% ($740.79 million) coming from short positions. A single BTC/USDT position worth $11.29 million on Binance was the largest single liquidation. The four-day decline in oil prices and the retreat of the 10-year US Treasury yield to around 4.9% collectively provided macro support for Bitcoin's rally. The market is now focused on the upcoming meeting between Donald Trump and Xi Jinping on September 24, as well as key data releases such as the Federal Reserve's preferred inflation gauge (September 30) and the employment report (October 2). Matt Hougan, Chief Investment Officer at Bitwise, stated that the "crypto winter" is over and the market may be entering the "strongest and longest bull run in history."