Bitcoin Prices Surge Past $117,000 with Massive Liquidations
2025-07-11 05:42:45
Main Idea
Bitcoin's price surged past $117,000 following $1.17 billion in liquidations, marking a 5.57% increase and elevating its market value above Google.
Key Points
1. Bitcoin's price rose to $117,294 after $1.17 billion in liquidations within 24 hours, a 5.57% increase from $111,000.
2. Short position liquidations of $1.05 million in Bitcoin forced margin calls, driving a rapid $5,000 price jump.
3. Bitcoin's market value reached approximately $2.33 trillion, surpassing Alphabet and trailing only Amazon, Apple, Microsoft, Nvidia, and gold.
4. Analyst Martin Folb noted Bitcoin's Wyckoff Accumulation Phase aligns with global M2 money supply, targeting $125,000 and $160,000 ranges.
5. Experts warn that large liquidations have increased market volatility and risk.
Description
Bitcoin reached over $117,000 after significant liquidations exceeding $1.17 billion. The surge established Bitcoin's market value above Google's, positioning it among leading assets. Continue Reading: Bitcoin Prices Surge Past $117,000 with Massive Liquidations The post Bitcoin Prices Surge Past $117,000 with Massive Liquidations appeared first on COINTURK NEWS .
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