Earlier today, Bitcoin reversed and broke through $81,000, once again setting a new historical high, while Ethereum approached $2,500. The drastic fluctuations led to over 210,000 people being liquidated across the network in the past 24 hours, a true double kill for long and short positions.
Bitcoin has been continuously surging for several days. Although it briefly spiked to $78,500 at midnight today, it then surged again to reach $81,568, once again setting a new historical high.
At the time of writing, Bitcoin has slightly retreated, currently reported at $81,456, with a nearly 24-hour increase of 4.68%.
As for Ethereum, it also quickly dropped after hitting a high point of $3,248 a few hours ago, then reversed to $3,203 before the deadline, with a nearly 24-hour increase of 2.68%.
In the past 24 hours, the total liquidation across the network reached $680 million.
Due to the drastic fluctuations in Bitcoin, according to Coinglass data, in the past 24 hours, the total liquidation amount in the cryptocurrency network reached $681 million, with long positions liquidating $312 million and short positions liquidating $369 million, resulting in over 210,000 people being liquidated, a true double kill for long and short positions.
