Bitcoin has surged past the $100,000 mark on the Chicago Mercantile Exchange (CME) futures market, marking a historic milestone for the cryptocurrency. This surge has triggered significant short liquidations, with over $420.69 million in Ethereum shorts liquidated in the past four hours, and more than $835 million in Ethereum shorts poised for liquidation if ETH hits $4,000. Bitcoin futures also hit a new high of $100,205. The market is experiencing a short squeeze, with Bitcoin's price fluctuating between $97,865 and $98,580 after a notable rally.