The crypto market recorded liquidations amounting to US$1.1 billion or approximately Rp18.3 trillion in the last 24 hours. Of the total liquidations, short positions dominated with a value of US$1 billion. This occurred as Bitcoin (BTC) experienced a surge, reaching a new all-time high of US$117,000 on Friday (11/07). Not stopping there, the largest single liquidation was recorded on the HTX platform, with one position liquidated for US$88 million or equivalent to Rp1.4 trillion.
