<ul data-eligibleForWebStory="false"><li>Over $1 billion in crypto short positions were liquidated in the past 24 hours, with the majority coming from traders betting against Bitcoin as the market rallied.</li><li>The liquidations were primarily seen in Bitcoin and Ethereum futures, totaling $590 million and $241 million in losses, respectively.</li><li>Bitcoin touched a new all-time high above $118,000 fueled by ETF inflows, while altcoins like Ethereum, XRP, DOGE, and Solana also saw gains on increased market optimism.</li><li>The crypto market is affected by factors such as rising Bitcoin ETF demand, anticipation of potential rate cuts, and a shift towards altcoins following Bitcoin's surge.</li></ul>

Crypto Liquidations Top $1 Billion as Bitcoin Hits New All-Time High

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