The crypto market swung by hundreds of billions after 110 days of calm, with a $500B surge and $110B drop catching leveraged traders off guard.

Over 173,000 crypto traders were liquidated in 24 hours, with $2.98 billion wiped out. Short sellers lost $2.74 billion in a massive squeeze

Bitcoin surges nearly 8%, triggering a record US$2.7 billion in short liquidations amid renewed market confidence and US regulatory optimism. Read more at straitstimes.com. Read…