Bitcoin has skyrocketed, directly reaching a historic high of over $118,000! The bears are in a dire situation - in the past 24 hours, they have been completely wrecked, with liquidation amounts exceeding $1.11 billion, resulting in a full-blown 'liquidation carnival'.

According to the latest data from Coinglass, this wave of short liquidations has set a new record this year, even harsher than the one on May 10. To sum it up in one sentence: don't mess with a bull market, or you'll find your wallet wiped out in no time! 💥📉💸