Bitcoin's V-turn exceeded $81,500, Ethereum hit $3,500, "double kill of long and short", more than 210,000 people liquidated their positions

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Bitcoin has been rising sharply in recent days. Although it once reached $78,500 at midnight today, it then pulled back and touched $81,568, setting a new all-time high again.

At the time of writing, Bitcoin has retreated slightly, currently trading at $80,571, with a 24-hour gain of 4.68%.

As for Ethereum, it also reached a high of $3,248 a few hours ago, but then quickly fell and V-shaped, closing at $3,196 before the deadline, with a 24-hour gain of 2.68%.

$680 million in liquidations across the network in the past 24 hours

According to data from Coinglass, under the violent fluctuations of Bitcoin, the total amount of cryptocurrency liquidations across the network in the past 24 hours reached $681 million, with $312 million in long positions and $369 million in short positions liquidated, and over 210,000 people were liquidated, which can be described as a double kill for both long and short positions.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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