In the past 24 hours, $BTC Bitcoin (BTC) experienced significant liquidation activity:​

Approximately $77.33 million in $BTC BTC positions were liquidated, with $67.04 million from short positions, indicating that many traders anticipated a price decline but were compelled to close their positions as the price surged. ​Bitcoinist.com

Overall, the cryptocurrency market saw liquidations totaling $218 million, with long positions accounting for $138 million and short positions for $80.25 million. ​

These figures highlight the volatility in the cryptocurrency market and underscore the importance of cautious trading strategies.