Bitcoin bull run wrecks shorts in historic liquidation
2025-07-11 14:33:57
Main Idea
Bitcoin's recent price surge led to massive liquidations, affecting over 232,000 traders, with shorts on BTC and ETH suffering the most losses, while institutional demand and ETF inflows continue to drive the market.
Key Points
1. Bitcoin's breakout resulted in over $1 billion in liquidations, the largest daily event in four years, affecting 232,000 traders.
2. BTC shorts lost $570 million, while ETH shorts lost $206.9 million as ETH climbed to $3,000.
3. Altcoins also saw high-leverage positions liquidated as prices surged across the board.
4. Institutional inflows into Bitcoin ETFs are strengthening, with Bitwise CEO predicting BTC could reach $200,000 by year-end.
5. Liquidation heatmaps showed significant losses on exchanges like OKX ($88.55 million) and Binance.
Description
BTC’s latest breakout didn’t just set new records, it wiped out tens of thousands of traders in one of the most brutal short squeezes the market has seen in years. Fueled by rising momentum and institutional demand, Bitcoin ( BTC ) has been on the rise over the past few days, surging to a new all-time high of $118,000. The uptrend forced a massive wave of liquidations across the market, with short sellers taking the biggest hit. According to CoinGlass, more than $1 billion in short positions wer...
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