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The amount of short positions getting liquidated in the past 24 hours has reached the highest level in four years, exceeding 2.4 billion USD.
Odaily News CoinGlass data shows that the market short positions liquidation amount in the past 24 hours reached approximately 2.42 billion USD, setting a new single-day record in nearly four years. As Bitcoin breaks through 118,000 USD and refreshes its historical high, a large number of short orders encountered liquidation, and the scale of get liquidated significantly expanded.