The price of bitcoin rose above the $64,000 mark at one stage on Monday morning in Asia, swinging around 7% away from the cryptocurrency’s all-time high set in November 2021, according to The Block’s Price Page. 

As of 9:30 a.m. Hong Kong time, the world’s largest cryptocurrency by market cap, traded at around $63,500, rising 3.4% in the last 24 hours. The GMCI 30 Index, measuring the performance of the top 30 cryptocurrencies, was at 137.39, up 2.21% in 24 hours.

In the past 24 hours, the liquidation in bitcoin positions amounted to $59.27 million, with about $38.52 million being shorts, according to Coinglass data. 

The price action came amidst the daily open interest for bitcoin futures on centralized exchanges reached an all-time high of $27.53 billion on Monday morning …