The post Bitcoin Hits $118K, Triggers Over $1B in Short Liquidations appeared on BitcoinEthereumNews.com.

Bitcoin Bitcoin’s explosive rally to a new all-time high of $118,000 has sent shockwaves through the derivatives market, triggering more than $1.11 billion in short position liquidations within a single day. According to Coinglass data, the July 10 spike marked the most severe short squeeze of 2025 so far. In total, more than 261,000 traders were liquidated, with the overall wipeout across both short and long positions reaching $1.24 billion. Longs accounted for just $120 million of that total, highlighting the overwhelming tilt in market sentiment. The single largest liquidation was an $88.5 million BTC/USDT short position on HTX. Bybit led in total liquidations at $291 million, followed by HTX ($133M), Gate ($71.8M), OKX ($54.6M), and Binance ($54.5M). The pressure wasn’t limited to Bitcoin. Ethereum surged 7%, leading to $149 million in short liquidations, with longs at just $22 million. Solana and XRP both saw over 4% gains, with short liquidations vastly outpacing longs. DOGE, up nearly 6%, also saw short-side liquidations exceed $4.7 million. In total, the top five cryptocurrencies experienced over $720 million in short liquidations, compared to just $40 million in long positions, reinforcing the strength of the current bullish momentum. As BTC continues to climb, bearish traders are facing steep losses—and the market shows no signs of slowing. Author Alexander Stefanov Reporter at Coindoo Алекс е опитен финансов журналист и ентусиаст в областта на криптовалутите. С над 8 години стаж в отразяването на криптовалутите, блокчейн и финтех индустрията, той е добре запознат с комплексния и постоянно развиващ се свят на дигиталните активи. Неговите задълбочени и провокиращи статии предоставят на читателите ясна картина за най-новите развития и тенденции на пазара. Подходът му му позволява да разбива сложни идеи w достъпно и задълбочено съдържание. Следете публикациите му, за да сте в крак с най-важните тенденции и теми.
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Filed under: News - @ July 11, 2025 10:29 am