Breaking: $575,220,000 Worth of Shorts Wiped Out as Bitcoin Tops $113,000
2025-07-10 17:36:14
Main Idea
Bitcoin's price surge to over $113,000 led to $575.22 million in short positions being liquidated, with analysts eyeing $125,000 as the next target.
Key Points
1. Bitcoin's price reached $113,541 on Bitstamp, surpassing $113,000 for the first time.
2. $575.22 million worth of short positions were liquidated in the past 24 hours due to Bitcoin's price surge.
3. Bitcoin's market cap has grown to $2.25 trillion, nearing retail giant Amazon's market cap.
4. Some analysts predict Bitcoin could reach $125,000 in the short term.
Description
Bitcoin has managed to extend its impressive rally, entering price discovery mode
$BTC
$117934.0
+6.09%
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