Bitcoin hits 24-hour high of $123,637; short position liquidations total $259 million

In the Binance Tether market, Bitcoin (BTC) has surpassed a 24-hour high of $123,600.

On the 14th (local time), WuBlockchain reported on X that “In the Binance Tether market, Bitcoin hit a 24-hour high of $123,637.68 and is currently trading at $123,334.03, which is a 2.82% increase from a day earlier.”

Meanwhile, according to CoinGlass data cited by WuBlockchain, total liquidations in the cryptocurrency market over the past 24 hours reached around $397 million. Of this, liquidations of short positions accounted for $259 million.