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Short Whale Liquidated for Over $50M as Bitcoin (BTC) Surged to New ATH (Market Watch)

2025-07-10 09:20:02

Main Idea

Bitcoin reached a new peak of $120,000 before correcting, with significant market movements including whale liquidations and altcoin gains.

Key Points

1. Bitcoin (BTC) hit a new all-time high of $120,000 before correcting to around $108,000, with a brief drop to $105,000.

2. A whale was liquidated for over $51 million during BTC's price volatility.

3. BTC's market cap exceeded $2.210 trillion, but its dominance over altcoins declined to 62.4%.

4. Altcoins like ETH, DOGE, ADA, and SHIB saw gains of up to 10-11%, with lower-cap coins like PENGU surging over 34%.

5. The total crypto market cap rose by approximately $100 billion, reaching $3.540 trillion.

Description

After weeks of consolidation and a lack of actual volatility, bitcoin finally broke out yesterday and charted a new peak at $120,000 before it corrected slightly. Many altcoins have produced even more impressive price pumps in the past 24 hours, led by PENGU, WIF, and FARTCOIN. BTC’s Latest Peak Liqudates Massive Whale Recall that the primary cryptocurrency began the month with stagnation and even a brief correction that drove it to just over $105,000. However, it reacted well at this point, era...

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BTCEUR BTCGBP BTCUSD BTCUSDT Crypto News featured1 Market Updates
$ETH
$2958.21
+7.56%
$DOGE
$0.19204
+6.19%
$SHIB
$0.000013144
+5.87%
$HYPE
$43.842
+7.99%
$SUI
$3.4563
+13.40%
$FARTCOIN
$1.2823
+16.07%
$ADA
$0.6716
+7.97%
$BTC
$116380.5
+5.07%
$WIF
$1.0449
+11.46%
$XLM
$0.30425
+5.48%
$AVAX
$20.47
+5.29%
$HBAR
$0.18775
+10.00%

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