<ul data-eligibleForWebStory="false"><li>Over $1 billion in bearish crypto bets were liquidated in the past 24 hours as Bitcoin reached an all-time high of $118,847.</li><li>Bitcoin's surge led to the largest single liquidation of $88.5 million on the exchange HTX, wiping out a total of about $1.29 billion in positions across all tokens.</li><li>Bullish signs in the crypto market are emerging, including renewed ETF inflows and positive US regulatory news, contributing to Bitcoin's rise to near $119,000 and Ether surpassing $3,000.</li><li>The recent rally in cryptocurrencies signals a divergence from traditional stock movements, with various triggers like trade turmoil and retail investments fueling the upward trend.</li></ul>

Over $1bn in liquidations shows pain hitting crypto bears

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