Single Trader Liquidated for $100 Million as Bitcoin Soars Past $123K: Market Watch
2025-07-14 09:00:53
Main Idea
Bitcoin reached a new all-time high above $123,000, with many altcoins also showing significant gains, driven by market momentum and institutional adoption.
Key Points
1. Bitcoin broke through resistance levels, climbing from $112,000 to over $123,000, adding roughly $15,000 in a short period.
2. Altcoins such as SUI, CRO, UNI, ALGO, and others followed Bitcoin's upward trend with notable gains.
3. Short traders faced significant liquidations, totaling $730 million, with one whale losing nearly $100 million on Binance.
4. The surge was attributed to psychological market milestones and institutional adoption, including ETF inflows.
5. Ethereum reclaimed $3,000, and other major altcoins like BNB, SOL, DOGE, and XRP also saw price increases.
Description
Bitcoin’s calm weekend didn’t last long as the cryptocurrency skyrocketed to a new all-time high on Sunday evening and another one, well above $123,000, on Monday morning. Many altcoins have followed suit by marking impressive gains over the past day, including SUI, CRO, UNI, ALGO, and others. BTC’s Latest Peak The past week proved why the cryptocurrency world is so interesting and unexpected. Recall that just less than seven days ago, the primary digital asset was confined in a tight range with...
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