Major cryptocurrencies experienced a significant surge on Monday evening due to a combination of factors. These factors include heightened buying activity driven by a sense of panic, anticipation of lower interest rates, and pending spot Bitcoin ETF decisions. What Happened: The surge in bullish momentum, fueled by macroeconomic shifts has wiped out shorts and increased liquidity in the market. Matrixport, a crypto investment services provider, saw a significant increase in bitcoin perpetual futures premium compared to the spot price. According to the firm, this trend suggests that traders are…

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