Bitcoin reached a highlight moment in today's early trading, briefly touching the $95,000 mark before slightly retracing to around $94,800, setting a new price peak for the year.

Driven by this, major cryptocurrencies such as Ethereum, Ripple, and Dogecoin saw a collective rise, with Ethereum successfully standing above $3,400.

Amidst the sharp market fluctuations, the cryptocurrency sector experienced a wave of liquidations within 24 hours.

Data shows that over 110,000 investors faced liquidations, involving an amount as high as $275 million (approximately 2 billion RMB), with long position liquidations accounting for 62% ($170 million) and short position liquidations accounting for 38% ($110 million).

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