Bitcoin Sets New ATH—Crypto Bears Crushed In $453 Million Squeeze
2025-07-11 01:53:29
Main Idea
Bitcoin has surged to a new all-time high (ATH), leading to significant liquidations in the crypto market, with short investors bearing the brunt of the losses.
Key Points
1. Bitcoin (BTC) has broken through its previous all-time high, setting a new price record after a period of consolidation.
2. The crypto market saw liquidations totaling almost $528 million in the last 24 hours, with $453 million (85%) coming from short investors.
3. Ethereum (ETH) and Sui (SUI) were notable performers, with ETH gaining 4.5% and SUI rising over 9% in the past day.
4. The surge in Bitcoin's price has led to a short squeeze, with extreme leverage contributing to the high liquidation amounts.
5. Open Interest in Bitcoin has shown volatility, bouncing back after previous rallies, indicating continued investor activity.
Description
Data shows the cryptocurrency derivatives market has seen a huge amount of liquidations following Bitcoin’s surge to a new all-time high (ATH). Bitcoin Has Rallied To A New Price Record After prolonged consolidation just under the ATH, Bitcoin has finally broken through to set a new record. Although brief, BTC’s move saw it touch the $112,000 mark. Below is a chart that shows how the asset’s recent performance has been like: As is visible in the graph, Bitcoin has seen a small retracement to $11...
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