Bitcoin has experienced significant volatility in the past 24 hours, reaching an all-time high close to $90,000 before dropping to $85,000.
The cryptocurrency derivatives market has seen approximately $973 million in liquidations in the last day, with $580 million in long positions and $393 million in short positions.
Despite the overall increase in prices, more investors betting on a bullish outcome were liquidated, indicating that many entered bullish positions after Bitcoin's recent high.
Among the individual symbols, Bitcoin accounted for over $270 million of the liquidations, while Dogecoin surpassed Ethereum in terms of liquidation amounts.