The total amount of liquidation in the entire network in the past hour reached 85 million US dollars, and the short position accounted for 90%

Bitcoin surged along with other cryptocurrencies following news that a U.S. court had supported Grayscale in its legal battle with the SEC. According to CoinGlass data, the total value of liquidations over the past 60 minutes was as high as $85 million, with short positions equivalent to 90% of that amount. BTC had the largest share, with assets valued at more than $40 million liquidated.