Bitcoin has surged past the $78,000 mark, currently trading at $77,686, reflecting a 4.2% increase over the past 24 hours, according to OKX market data. Ethereum also experienced a significant rise, breaking through $2,400 and currently priced at $2,442, marking a 4.52% gain in the same period. Coinglass data reveals that the past 24 hours saw $799 million in liquidations across the market. Long positions accounted for $163 million of these liquidations, while short positions saw $636 million liquidated, highlighting the volatility in the crypto markets.