Bitcoin's Market Turbulence Continues Amid Price Surge

Bitcoin's meteoric rise has sent shockwaves through the market, resulting in substantial liquidations and losses for some investors.

The cryptocurrency's price increase of 6% on February 25 brought it within striking distance of its all-time high of $69,000, initially set in 2021.

However, this surge also led to massive market liquidations, with a total of $571 million in positions being wiped out.