According to CoinMeta, monitoring by Lookonchain, a rapid market rise led to the liquidation of multiple short traders. Among them, a short position of 1,829 BTC held by address 0x8c96 was liquidated, worth approximately $120 million; a short position of 49,808 ETH worth about $111.34 million was also liquidated; and a short position of 1,343 BTC held by address 0x8eff was liquidated, valued at around $92.56 million. The total amount liquidated from these three short positions amounted to approximately $324 million.