Since October 25, 2018, Bitcoin has broken the $100,000 mark multiple times. From January 1 to now, in less than a month's time, Bitcoin has risen from $93,500 to $110,000.

In addition to Bitcoin's surge, on the same day, Ethereum (ETH) and Ripple (XRP) also experienced significant increases. As of the time of writing, Ethereum (ETH) is priced at $3,377, up 5.61%; Ripple (XRP) is priced at $3.272, up 4.71%.

In contrast, several cryptocurrencies have seen declines. For example, Dogecoin (DOGE) fell 0.1%, priced at $0.377; SOL dropped 4.06%, priced at $262.65; SUI decreased by 1.74%, priced at $4.794.

Against the backdrop of extreme fluctuations in virtual currencies, the number of liquidations has skyrocketed. 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 these, the liquidation amount for long positions reached $760 million, while the liquidation amount for short positions reached $300 million. The largest single liquidation occurred on Binance-BTC, valued at $15.2433 million.