Bears Lose $400M to Liquidations, Largest Since May, as BTC, ETH, SOL Spike Higher
2025-07-10 03:44:13
Main Idea
A sharp rally in major cryptocurrencies like BTC, ETH, and SOL triggered the largest wave of liquidations since May, resulting in over $460 million in short losses.
Key Points
1. BTC and ETH surged, with BTC jumping nearly 7% to above $2,700 and SOL climbing above $158, catching short traders off guard.
2. Over 114,000 traders were liquidated, with combined losses exceeding $527 million, of which $463 million came from short positions.
3. The single largest liquidation was a $51.5 million short on HTX’s BTC-USDT pair.
4. Liquidations occur when leveraged traders are forced to close positions due to adverse price movements.
5. While Bitcoin is up 2% on the week, ETH and XRP have gained over 7%, indicating the rally is being led by majors outside of BTC.
Description
A sharp rally in crypto majors over the past 12 hours triggered the largest wave of liquidations since May, wiping out more than $460 million in short positions. Bitcoin (BTC) surged past $111,000, ether (ETH) jumped nearly 7% to above $2,700, and Solana’s SOL climbed above $158, catching traders betting against the move completely offside. More than 114,000 traders were liquidated, with combined losses topping $527 million, according to data from Coinglass. Of that, $463 million came from short...
Latest News
- Japanese Real Estate Firm GATES to Tokenize $75M in Tokyo Property on Oasys Blockchain2025-07-10 16:45:37
- Why 24/7 Digital Markets Will Power Development in Frontier Economies2025-07-10 16:41:34
- Sui Rallies Nearly 10% in Bullish Breakout2025-07-10 16:39:25
- Coinbase Partners With Perplexity AI to Bring Real-Time Crypto Market Data to Traders2025-07-10 15:43:46
- BONK Advances 5% in V-Shaped Recovery as Bulls Eye Breakout2025-07-10 15:43:24