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BTC's recent market movement has indeed been fierce. After breaking through 95,000 yesterday, it continued to push higher this morning, reaching a high of $97,924. Currently, it is holding at $96,484. However, to put things into perspective, ETH and SOL's performance has been somewhat lackluster—ETH broke through $3,400 but has now fallen back to $3,330, and SOL also retreated from its high of $148 to $145, with both still hesitating near key resistance levels.
What's even more intense is the bloody scene on the derivatives side. According to data, the total liquidation amount across the entire network yesterday reached $680 million, with short positions being liquidated for $578 million. Although long positions also took hits, they only amounted to $101 million. Some institutions pointed out that this wave of short liquidations has set a new record since the major crash two years ago. The market's rebound strength can be seen from the liquidation data.