Over $1.1 billion shorts obliterated as Bitcoin hits $118k

Bitcoin saw a 5% daily surge that pushed BTC to a new all-time high above $118,000. The sudden gains had shorts wiped out, with over $1. 1 billion in short positions liquidated in 24 hours. A trader on HTX was liquidated for $88 million source: https://coinjournal.net/news/over-1-1-billion-shorts-obliterated-as-bitcoin-hits-118k/