Bitcoin Breakout Leaves Short Sellers in Tatters
2025-07-10 17:55:24
Main Idea
Bitcoin's price surged to a new all-time high above $113K, causing significant losses for short sellers and boosting market metrics like trading volume and market capitalization.
Key Points
1. Bitcoin (BTC) reached a new all-time high of over $113K, with a 3.68% daily increase and a 3.37% weekly rise.
2. Short sellers lost over $302 million, while total liquidations amounted to $312.64 million in 24 hours.
3. Trading volume surged by 49.04% to $65.31 billion, and Bitcoin's market capitalization rose 3.68% to $2.25 trillion.
4. BTC futures contracts' total value increased by 10.55% to $83.23 billion in the last 24 hours.
5. BTC dominance climbed slightly to 64.80%, nearing the 65% mark.
Description
The cryptocurrency’s price hit a new all-time high and climbed past $113K on Thursday afternoon, leaving bearish short sellers bleeding to the tune of $302M. Bitcoin Soars Past $113K, New Level Unlocked Just a day after California-based chipmaker Nvidia (Nasdaq: NVDA) became the first company to reach a $4 trillion market capitalization on Wednesday, bitcoin
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