Bitcoin Breakout May Have Triggered Significant Short Liquidations Amid Market Imbalance
2025-07-13 13:38:27
Main Idea
Bitcoin's breakout above $118,000 triggered significant short liquidations, revealing a market imbalance and impacting broader crypto assets.
Key Points
1. Bitcoin's surge above $118,000 caused $3.66 million in short liquidations versus $197,660 in long liquidations within 12 hours, a 1,722% imbalance.
2. The broader crypto market saw $55.54 million in liquidations over 12 hours, with shorts accounting for $34.16 million and longs $21.38 million.
3. Altcoins like Stellar (XLM), Ethereum (ETH), and Ripple (XRP) faced substantial liquidations, with XLM topping at $5.09 million.
4. Nearly 97,264 traders were affected, highlighting risks for both institutional and retail investors.
5. Bitcoin's ability to clear key resistance levels suggests bullish momentum, though high leverage remains a risk.
Description
Bitcoin’s recent surge past the $118,000 mark triggered an unprecedented wave of short liquidations, underscoring a dramatic shift in market sentiment. This breakout was characterized by a staggering 1,722% imbalance
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