Bitcoin Breaks $100,000 Barrier: Crypto Market Experiences Bloodbath

The cryptocurrency market has experienced a dramatic shakeout recently, with Bitcoin (BTC) surging to an all-time high of over $100,000. This price surge has led to significant losses for leveraged traders as per data from the recent liquidation heatmap. Over $298 million in total liquidations occurred within the past day, with Bitcoin suffering the largest losses at $114.46 million, followed by Ethereum with $65 million. Short positions were also heavily liquidated, amounting to $215 million. )