Bitcoin’s Meteoric Rise Triggers Massive Liquidations Across Crypto Markets
2025-07-14 06:59:45
Main Idea
Bitcoin's rapid price surge past $120,000 triggered over $680 million in liquidations, with significant impacts on major cryptocurrencies like Bitcoin, Ether, and XRP.
Key Points
1. Bitcoin's price surged past $120,000 within 24 hours, leading to over $680 million in liquidations.
2. Coinglass data shows Bitcoin contracts accounted for $291 million in liquidations, followed by Ether ($68 million) and XRP ($17 million).
3. A single loss of $426 million was recorded on HTX, including the closure of a $92.5 million BTC contract.
4. Analysts note that such liquidations often cleanse weak positions, especially during periods of limited liquidity.
5. Open positions in Dogecoin, Solana's SOL token, and SUI were also highlighted as areas of rising leverage and risk.
Description
Bitcoin's meteoric rise led to $680 million in forced closures. Significant liquidations indicate sharp market rebalancing in crypto segments. Continue Reading: Bitcoin’s Meteoric Rise Triggers Massive Liquidations Across Crypto Markets The post Bitcoin’s Meteoric Rise Triggers Massive Liquidations Across Crypto Markets appeared first on COINTURK NEWS .
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