Bitcoin breaks through $110,000, and short positions are liquidated for nearly $200 million in 4 hours

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OKX market data shows that Bitcoin briefly broke through $110,000, currently trading at $110,202.3, with a 24-hour increase of 2.38%. Coinglass data indicates that over the past 4 hours, the total liquidation amount exceeded $203 million, with short positions liquidated at approximately $197 million.

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