<ul data-eligibleForWebStory="false"><li>Bitcoin has surged to a new all-time high, touching the $112,000 mark before a slight retracement to $111,000.</li><li>Altcoins have also experienced gains, with Ethereum and Sui outperforming BTC with profits of around 4.5% and over 9% respectively.</li><li>The cryptocurrency derivatives market has witnessed significant liquidations, totaling almost $528 million, with $453 million coming from short investors alone.</li><li>Mass liquidation events are common in the volatile cryptocurrency market, and the latest squeeze led to different behavior in Open Interest indicating potential fresh long positions.</li></ul>

Bitcoin Sets New ATH—Crypto Bears Crushed In $453 Million Squeeze

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