Bitcoin rises to a new high, with $448 million liquidated across the network in the past 12 hours

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On July 10, according to Coinglass data, Bitcoin surged to a new all-time high of $111,999 in the early morning. Over the past 12 hours, the entire network liquidated $448 million, with long positions liquidating only $43.55 million and short positions liquidating $404 million.

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