Bitcoin has been continuously surging in recent days. Although it briefly touched $78,500 at midnight, it then spiked to a new all-time high of $81,568.
At the time of writing, Bitcoin has slightly retreated and is currently trading at $80,571, up 4.68% in the past 24 hours.
Ethereum also reached a high of $3,248 a few hours ago, but quickly fell and then V-shaped recovered, currently trading at $3,196, up 2.68% in the past 24 hours.
$680 million in liquidations in the past 24 hours
According to Coinglass data, the total amount of cryptocurrency liquidations in the past 24 hours reached $681 million, with $312 million in long positions and $369 million in short positions being liquidated, affecting over 210,000 people, resulting in a bloodbath for both bulls and bears.
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