Leading cryptocurrency Bitcoin surpassed $30,000 for the first time in 10 weeks, reaching $30,200.
BTC, which later fell slightly below $ 30,000 again, is trading at $ 29,860 at the time of writing.
While this rise in BTC was driven by increasing optimism that spot Bitcoin ETF applications would be approved soon, significant increases were also seen in altcoins.
The largest altcoin, Ethereum, rose relatively less in this bullish wave and dropped to $1,630.
Apart from ETH, Solana (SOL) rose 12%, pushing its weekly gains to over 25%.
Bitcoin SV (BSV), a Bitcoin fork out of ETH and SOL, surged as much as 32% as Binance listed BSV's perpetual futures with 50x leverage.
While the green color was dominant in altcoins, Ripple's new victory against the SEC caused XRP to rise to $ 0.53.
These upward price movements in Bitcoin and altcoins upset investors who opened short positions.
At this point, according to data received from Coinglass, transactions worth $107 million in leveraged positions were liquidated and liquidated in the last 24 hours.
Of the $107 million liquidation, $79.24 million was in short positions and $27.9 million was in long positions.
While a total of 45 million dollars of position was liquidated in Bitcoin, 14 million dollars was liquidated in Ethereum. BTC and ETH were followed by Solana and XRP.
*This is not investment advice.