The cryptocurrency market is experiencing significant buying pressure, with Bitcoin driven higher, breaking through $69,000 and reaching a high of $69,280; Ethereum followed a similar trend, briefly surpassing $2,050, and at the time of writing, is reported at $2,045.
(Background: Brazil calls for “buy 1 million Bitcoins in five years”! The House introduces the RESBit proposal to establish a national strategic BTC reserve)
(Additional context: Bitcoin resists quantum threats — BIP 360 proposal removes Taproot weak paths, soft fork introduces new output type P2MR)
Early morning on February 14 Taiwan time, good news came from the crypto market: Bitcoin surged past $69,000 driven by buying pressure, reaching a high of $69,280; Ethereum similarly broke through $2,050, currently reported at $2,045.
Nearly $340 Million Liquidated Across the Market
According to Coinglass data, in the past 24 hours, 98,827 traders were liquidated, totaling $339 million. Among them, longs were liquidated for $127 million, and shorts for $211 million.
In the last 4 hours, total liquidations reached $165 million, with the largest being short positions, amounting to $152 million.
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