Bitcoin Price Surges Above $72000 Amid Market Volatility

As Bitcoin surged above $72,000, short positions suffered the most from market volatility. Coinglass data reveals that over the last day, there were more than $47 million in bitcoin short liquidations.

As Bitcoin surged above $72,000, short positions suffered the most from market volatility. Coinglass data reveals that over the last day, there were more than $47 million in bitcoin short liquidations.

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In the wider crypto market, liquidations hit over $152 million, with about $107 million from short positions. Bitcoin, the largest digital asset, rose by roughly 3.8% to $72,073. The GM 30 Index, reflecting the top 30 cryptocurrencies, climbed by 2.85% to 152.67 in the last 24 hours.

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