Bitcoin Reclaims $80,000 Milestone After 3 Months, $100 Million Liquidated in One Hour Across the Network

BlockBeats News, May 4th. This morning, Bitcoin surged, reclaiming the $80,000 mark for the first time in 3 months. In just 1 hour, it rose by 1.56%. As a result, nearly $106 million was liquidated across the entire network in less than an hour.

Of this amount, short positions accounted for $104 million. The largest single liquidation occurred on Binance's Ethereum contract, with a liquidation value of $11.7717 million.