The cryptocurrency market has stirred once again, with Bitcoin quietly breaking through the $120,000 mark, attracting widespread attention in the market. The achievement of this important price milestone has had a significant impact on the entire encryption ecosystem.

Meanwhile, the short sellers in the market are suffering heavy losses. According to the latest data, a large number of short positions were forcibly liquidated in just the past 30 minutes. Specifically, approximately 458 Bitcoins, 12,147.39 Ethereum, and 5.4 million other small tokens were liquidated, resulting in total losses of up to $2.207 million.

However, this may just be the tip of the iceberg. There are still a considerable number of short positions in a state of floating losses, estimated to reach $3.54 million. This indicates that market sentiment remains complex, and the tug-of-war between bulls and bears is ongoing.

It is worth noting that there is a specific wallet address (0x916ea2a9f3ba1ddd006c52babd0216e2ac54ed32) that has attracted the attention of traders. This address may belong to an important market participant, and its trading behavior may have a certain impact on market trends.

As the price of Bitcoin rises rapidly, market participants are closely watching the subsequent developments. Whether this round of increases can be sustained and the potential chain reactions it may bring are the focal points for investors and analysts. In such a volatile market environment, investors should remain cautious and manage risks effectively.