The price of Bitcoin returned to the $109,000 mark for the first time since early June.
On the evening of July 1, the price fell below $106,000, but recovered by morning and continued to rise during the US trading session.
Due to volatility, more than $250 million in leveraged positions were liquidated on crypto exchanges over the course of the day — roughly equally divided between longs and shorts.
According to Coinglass, about 100,000 traders suffered losses. The largest liquidation occurred on Hyperliquid in the BTC/USD pair and amounted to $2.32 million.
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