Bitcoin continued to climb on Fridays, rising to $79,320 in the disc and then falling around $77,137. In the past 24 hours, the increase was about 7.9 per cent, with a cumulative increase of 23.2 per cent in nearly 7 days, and the wheel was rapidly squeezing empty positions.
About $1.5 billion in 24-hour liquidation.
The CoinGlass data show that some 178,777 traders have been liquidated over the past 24 hours, with a total market-wide liquidation of about $1.5 billion, of which approximately $12.1 billion represents the highest percentage.
As prices went up fast, traders who had been charged downwards were forced to settle or reset their positions and push the purchase further up. This chain reaction is often called empty squeeze.
- Total market-wide liquidation is about $1.5 billion.
- Empty liquidation of approximately $121 billion
- Dealers involved approximately 178,777 persons
There's a big burst in Hyperliquid.
In terms of short-term data, bitcoin remains the main source of fluctuations for the current round. CoinGlass' one-hour hot attempt to show that bitcoin-related silos alone brought some $17.25 million in liquidation.
Within the last 24 hours, the single largest settlement was in Hyperliquid for a bitcoin warehouse worth approximately $23.59 million. This reflects a marked increase in the pressure of high-leverage transactions in a fast-growing pattern.
Washington news leads to risk preferences.
This round of rebound was accompanied by good expectations at the policy level in the United States. The report mentions that United States President Trump supported the encrypted market structure bill Clarity Act at White House events this week, and states that regulators are promoting the integration of the offshore sustainable contract platform Hyperliquid into the local regulatory framework of the United States.
This has boosted market sentiment and contributed to the synchronisation of bitcoin with the mainstream currency. The same goes for assets such as the Taifeng and Solana. At the time of the publication, the market value of Bitcoin was approximately $1.55 trillion, with 24-hour transactions exceeding $69 billion.