Bitcoin quickly reached a new all-time high of over $106,000, following a period of rapid rise and fall in the past 12 hours. This volatility led to over $300 million in liquidations, with the largest single liquidated position occurring on Binance with a value of $19.86 million. Although it is unclear whether this was from a short or long position, these events serve as a reminder for traders to exercise caution when opening over-leveraged positions in the current volatile market.
In addition to Bitcoin, many larger-cap altcoins have also experienced gains of around 2-3% over the past 24 hours, with SUI showing the highest increase at 9%.
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<p>The post Bitcoin’s Historic Rally Leads to $19.86 Million Liquidation first appeared on CoinBuzzFeed.</p>
