Bitcoin is up 12% from Friday's close and the rest of the crypto space is also surging as chatter of a major short-squeeze is underway.

Chatter is that it's some major short liquidations driving the spike...

Liquidated short on XBTUSD: Buy 6,736,979 @ 6507 🏅🏆💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯🔥⚡ — REKT (@BitmexRekt) July 2, 2018

Liquidated short on XBTUSD: Buy 10,000,000 @ 6519 🏅🏆💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯 — REKT (@BitmexRekt) July 2, 2018

Pushing Bitcoin back well above $6,000...