Oh, my dear readers, have you heard the latest news from the world of cryptocurrency? The leading digital currency, Bitcoin, has surpassed the remarkable value of $113,357, increasing by 3.58% in the past 24 hours and continuing its steady rally over the past week.
This rapid surge has triggered a wave of liquidations across the derivatives market. According to the latest data, Bitcoin-related liquidations have reached a staggering $301.66 million, with short positions bearing the brunt — totaling nearly $291.7 million in losses. Long positions were less impacted, with around $9.98 million liquidated.
Ethereum also joined the rally, climbing to $2,829, up over 6% in a single day. However, Bitcoin remains firmly in the spotlight with a staggering $64 billion in 24-hour trading volume and a total market capitalization of over $2.25 trillion.
The massive short squeeze suggests many traders were caught off guard, betting against Bitcoin’s momentum — and paying the price. 😱
This latest move reinforces bullish sentiment in the market, though volatility remains high and further liquidations could follow if the trend continues. 📈
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2025-07-10 21:02