BTC breaks through $79,000, ETH stands above $2,400! Nearly $470 million liquidated across the network in 24 hours.

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Bitcoin is approaching the $80,000 mark, and the bears are facing another massacre! Late on the 22nd (Taiwan time), Bitcoin (BTC) surged past $79,000, while Ethereum (ETH) also strongly climbed above $2,400. This sudden bullish onslaught caused a violent shakeout in the contract market. According to CoinGlass data, the total liquidation across the network reached $467 million in the past 24 hours, with over 100,000 investors being liquidated. (Previous coverage: Iranian state media signals potential lifting of US maritime blockade; precious metals and Bitcoin surge as war may head toward a real ceasefire) (Background: Trump's son's mining company American Bitcoin adds 11,000 new mining machines! Eric Trump exclaims: Accumulating coins efficiently at an institutional scale) The cryptocurrency market staged another thrilling short squeeze late at night, with Bitcoin just one step away from the $80,000 integer mark! Around 23:30 on April 22 (Taiwan time), the market experienced a fierce rally. The price of Bitcoin (BTC) broke through with momentum, briefly surging past $79,000; meanwhile, Ethereum (ETH) also successfully broke upward and stabilized above the $2,400 level, igniting bullish sentiment across the entire crypto community. Over 100,000 people liquidated across the network, with total liquidations nearing $468 million. This rapid surge brought joy to spot holders but dealt a devastating blow to many short-contract traders betting on a pullback. According to the latest statistics from the blockchain data analysis platform CoinGlass, a total of 103,788 traders were liquidated across the crypto market in the past 24 hours. The total liquidation amount caused by this violent volatility reached $467.97 million (approximately NT$15.2 billion). In this one-sided upward market, the vast majority of liquidations came from short positions. The largest single liquidation of $7.51 million occurred on Binance. Among all liquidated contract positions, the heaviest loss occurred on the world's largest cryptocurrency exchange, Binance. Data shows that the investor was trading the BTCUSDT pair, with a single liquidation value reaching a staggering $7.51 million (approximately NT$240 million). BlockTempo once again reminds investors that the cryptocurrency market is often accompanied by violent fluctuations when challenging key resistance levels. When participating in high-leverage derivatives trading, be sure to strictly manage margin risks and set stop-loss points. Do not blindly hold positions to avoid unbearable financial losses during extreme market conditions.

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