Long

Bitcoin

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Bitcoin has shattered previous records by reaching a new all-time high of $71,092 on the Bitstamp exchange.&nbsp;<a href="https://www.tradingview.com/chart/yAgtHh3T/?symbol=BITSTAMP%3ABTCUSD"><img src="https://u.today/sites/default/files/inline-images/2423421341234132.png" data-entity-uuid="1a753a7d-e580-4144-ad1b-302254ad8591" data-entity-type="file" alt="$BTCUSD Image by TradingView"></a>
This milestone comes as the cryptocurrency market continues to gain mainstream acceptance and attract significant investment from both retail and institutional investors following the approval of a slew of spot Bitcoin ETFs in January.&nbsp;
Before reaching its new peak, Bitcoin recorded its highest weekly candle close ever at $69,062 on Bitstamp.&nbsp;
In the meantime, the price of <a href="https://u.today/ethereum-eth-price-no-major-barrier-to-ath-data-shows">Ethereum</a>, the second-largest cryptocurrency recently surged above the $4,000 level. &nbsp; &nbsp;
<h2 id="more-than-300-million-worth-of-liquidations">More than $300 million worth of liquidations&nbsp;</h2>
The recent price volatility has also led to significant market liquidations, with a total of $336.22 million liquidated In the past 24 hours alone, according to CoinGlass data.&nbsp;
The majority of these liquidations were long positions, totaling $224.73 million. Short positions accounted for $111.49 million of the liquidations.
Over the last hour, the total market liquidations amounted to $39.68 million, demonstrating the high volatility in the cryptocurrency market. The majority of these liquidations were from short positions, totaling $37.65 million. Long position liquidations were significantly lower, at $2.03 million.
Over the past four hours, OKX led the exchanges in liquidations, with $19.95 million. Of this, $2.99 million were long positions, and a notable $16.96 million were short positions, comprising 85.03% of its total liquidations. Bitmex followed, with total liquidations amounting to $8.71 million, all of which were short positions. Lastly, Binance saw liquidations totaling $6.74 million, with $2.12 million in long positions and $4.63 million in short positions.

Bitcoin (BTC) Soars Above $71K, Logs New Record Peak

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