This enormous whale is liquidated by Bitcoin's surge to a new all-time high above $106K.

Bitcoin soared to a new all-time high, this time of well over $106,000, in just over ten days, re-establishing its position in the market.

In the last 12 hours or so, it has fluctuated between rising and falling, leaving over $300 million in liquidations. However, one order in particular stands out as the biggest.

The main cryptocurrency's surge has destroyed about 100,000 traders in the last day, according to data from CoinGlass. However, the BTC/USDT trading pair was the subject of the largest single liquidated position on Binance.

A staggering $19.86 million was lost by the whale during the tumultuous ride. BTC also retraced by almost two grand right after the most recent top, which raises some questions about whether it may have been a trader anticipating more gains, even if it sounds like it was probably from a short position.
After all, shorts accounted for just over 51% of Binance's liquidations. However, these developments only serve to highlight the need for traders to exercise caution when initiating excessively leveraged positions in the current turbulent market.

Several larger-cap alts have also reported some gains over the last day, in addition to Bitcoin, which has continued to dominate the market. These include ETH, SOL, DOGE, ADA, AVAX, and TONNE, all of which have increased by roughly two to three percent.

With a 9% rise and a price near $4.8, SUI has jumped the highest among the larger caps.

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