Bitcoin has surged again, setting a new record with a price soaring to $116,400, a 4.6% increase in 24 hours, and over 5.5% rise in a week! Trading volume has exploded, with $50 billion traded in the last 24 hours! 💥

This price increase has caused significant losses for short sellers — in just one day, short sellers lost $940 million, being forced to cut their losses, directly creating a "short squeeze"! What does that mean? Simply put, those who shorted are being forced to buy back the coins, causing the price to rise rapidly!

Currently, total liquidations are around $1 billion, of which 94% are sell-offs, indicating that buyers are firmly in control of the market!

Other coins are also soaring, with ETH approaching $3,000, XRP nearing $2.6, and the crypto market cap approaching $3.7 trillion! The crypto space is buzzing, so hop on board and don't miss out! 🚀