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Crypto Shorts Take $633M Hit In 24 Hours As BTC Breaks $78K On Hormuz ReopeningCrypto markets saw nearly $800 million in liquidations over the past 24 hours as Bitcoin broke above $78,000 on news that Iran declared the Strait of Hormuz fully open. According to CoinGlass data, 178,154 traders were liquidated for a total of $796.57 million.Short positions absorbed almost all of the pain. Shorts were liquidated for $633.67 million, nearly four times the $162.86 million hit to longs. $BTC liquidations alone rea ...