Bitcoin (BTC) sets new ATH, over $600M short positions liquidated
2025-07-10 18:34:32
Main Idea
Bitcoin (BTC) reached a new all-time high above $113K, leading to over $600M in short position liquidations, while altcoins also rallied amid strong bullish market momentum.
Key Points
1. Bitcoin (BTC) surged to a new all-time high (ATH) of $113,317, breaking previous records.
2. Over $600 million in leveraged short positions were liquidated within 24 hours, one of the highest daily totals recently.
3. Altcoins like Ethereum (ETH) and Dogecoin (DOGE) also saw significant gains, reflecting broad market bullishness.
4. The rally was partly driven by institutional demand, strong ETF inflows, and a risk-on market environment.
5. Federal Reserve's potential interest rate cuts and market reactions contributed to Bitcoin's breakout from its consolidation zone.
Description
Bitcoin (BTC) has once again surged past expectations, reaching a new all-time high (ATH) and sending shockwaves through the crypto market. Just a day after breaching the $112,000 mark for the first time, Bitcoin has extended its rally to hit a fresh peak of $113,317, according to CoinGecko data . Bitcoin price chart | Source: CoinGecko This historic move came after a prolonged period of sideways trading that kept BTC trapped between $105,000 and $110,000. The breakout was sparked by a renewed p...
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