Bitcoin broke through the $89,000 mark this morning, reaching a high of $89,500. However, the continuous rise seems to have also led some investors to seek to lock in profits, with the market seeing a 2% intraday high-low price difference twice this morning, not to mention the amplitude of Altcoins being certainly greater.
According to data from Coinglass, there were 170,000 liquidations in the past 24 hours, with a total liquidation amount of $650 million, a double massacre of both long and short positions.
On the other hand, the best performing sector in the market today is still the meme coin sector, especially Doge which is closely tied to Musk, continuing to surge upwards as Tesla skyrockets, with a gain of over 25% in the past 24 hours.
