$BTC Over the past 24 hours, the cryptocurrency market has experienced significant volatility as Bitcoin (BTC) officially broke above the $100,000 mark. This price movement triggered massive liquidations, totaling nearly $1 billion across the market, and led to a shift in trader behavior.

Additionally, data from the Bitcoin derivatives market is heating up. Analysts are now concerned about the potential for even larger liquidation waves.

Long Position Liquidations Surge as Bitcoin Breaks $100,000

According to data from CoinGlass, around 190,000 traders were liquidated, with total losses reaching $970 million. Short positions were hit the hardest, accounting for $836 million in losses. This event marks the largest short liquidation since 2021. CoinGlass also noted that the actual numbers might be even higher.