Since 2017, Bitcoin has repeatedly broken through $100,000 per coin. From January 1 until now, in less than a month, Bitcoin has risen from $93,500 to $110,000. In addition to the surge in Bitcoin, on the same day, Ethereum (ETH) and Ripple (XRP) also saw significant increases. As of the time of writing, Ethereum (ETH) is priced at $3,377 per coin, up 5.61%; Ripple (XRP) is priced at $3.272 per coin, up 4.71%. In contrast, several cryptocurrencies have seen declines. For example, Dogecoin (DOGE) is down 0.1%, priced at $0.377 per coin; SOL is down 4.06%, priced at $262.65 per coin; SUI is down 1.74%, priced at $4.794 per coin. Against the backdrop of severe volatility in virtual currencies, the number of liquidations has risen sharply. According to the latest data from CoinGlass, over the past 24 hours, more than 338,000 people have been liquidated, with a total liquidation amount reaching $1.069 billion. Among them, the liquidation amount for long positions reached $760 million, and the liquidation amount for short positions reached $300 million. The largest single liquidation occurred on Binance-BTC, valued at $15.2433 million.