Bitcoin breaks $71,000! Over 100 million in short positions liquidated across the entire network

Crypto Market Breaks Silence: Bitcoin Surges Past $71,000

The long-dormant crypto market has finally shown signs of movement. As international tensions escalate, Bitcoin (BTC) has rallied today. According to the latest data, Bitcoin's single-day increase reached 4.81%, with the price rapidly climbing from $68,336 to break through $71,000. The total crypto market capitalization has risen to $2.43 trillion, but the Fear & Greed Index remains at 19, indicating extreme fear.

Crypto Market Short Liquidations Exceed $100 Million

According to Coinglass's latest liquidation heatmap, over the past 12 hours, total short liquidations across the network reached $173.69 million. Bitcoin (BTC) shorts were liquidated up to $118.12 million; Ethereum (ETH) liquidations amounted to $47.37 million; other cryptocurrencies contributed approximately $7.13 million in liquidations.

Pre-Market US Stocks Slightly Higher

Currently, the three major US stock index futures are showing slight gains: Dow futures up 0.11%, S&P futures up 0.23%, and Nasdaq futures up 0.31%. Crude oil prices are gradually rising, up 1.54% to $75.71, while the US 10-year Treasury yield has increased to 4.079%. These indicators suggest that macro market funds are continuing to adjust.

This article: Bitcoin Breaks $71,000! Over $100 Million in Short Liquidations Across the Network. First published on Chain News ABMedia.