Bitcoin Breaks $100K Barrier: Triggers Record Short Liquidations

Bitcoin’s recent surge to a record high of $104,000 has triggered a significant wave of short liquidations, reaching over $871 million – the highest in four years. This price jump is causing substantial losses for traders who bet against Bitcoin. Market participants are adjusting their strategies and investors are reevaluating their positions in light of the rapid ascent. The surge in Bitcoin’s value has also impacted other cryptocurrencies such as Ethereum, potentially influencing market trends.