More than $55 million in cryptocurrency shorts have been wiped out in the past 12 hours, as Bitcoin (CRYPTO: BTC) crossed the $26,000 mark. 

What Happened: Data from CoinGlass shows that in the past 12 hours, $69 million worth of cryptocurrencies were liquidated.

The largest single liquidation order happened on OKX, where BTC worth $2.33 million was liquidated.

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At the time of writing, Bitcoin was up 6.62% in the last 24 hours, trading at $26,214. Apex crypto jumped 24% over the past seven days, the largest gain among the top 10 non-stablecoin cryptocurrencies by market capitalization. 

Data from Glassnode shows that the percentage of Bitcoin last active for two or more years has just reached a new all-time high of 52.286%.

📈 #Bitcoin $BTC Percent Supply Last Active 2+ Years just reached an ATH of 52.286%

View metric:https://t.co/QABODbVlQG pic.twitter.com/tcVPHg6ORo

— glassnode alerts (@glassnodealerts) March 17, 2023

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