Bitcoin’s surge toward $113K puts over $5B in short positions at risk as liquidations spike across Bybit, Binance, and OKX.
Both bullish and bearish traders are feeling the squeeze as leveraged bets face sudden closures from extreme market volatility.
Institutional demand keeps climbing with over $600M flowing into Bitcoin ETFs on July 3, showing strong confidence in BTC’s future.
Bitcoin's steady rise to $108,947 is shaking up the crypto market. Traders are on high alert as over $5 billion in short positions sit on the brink of liquidation. If Bitcoin reaches $113,000, a liquidation cascade could kick off across major exchanges. The 30-day liquidation map highlights intense action, with Bybit, Binance, and OKX leading the charge.
Source: Coinglass
Besides shorts, long positions also face mounting pressure as volatility spikes. Meanwhile, institutional appetite remains strong, with U.S. spot Bitcoin ETFs posting nearly $602 million in inflows on July 3. This mix of volatility and strong demand has traders bracing for major moves.
Short Squeeze Looms as Bitcoin Climbs
Bitcoin’s upward momentum is putting immense stress on overleveraged short sellers. Cumulative short liquidations have already crossed $5.02 billion. Bybit alone accounts for $44.08 million in liquidations, followed by Binance with $13.11 million and OKX with $8.61 million.
These figures signal high leverage usage, especially on Bybit. Hence, traders betting against Bitcoin's rise are facing painful losses. Moreover, long positions are also feeling the heat. Borrowed funds used to amplify gains are now triggering forced closures. Consequently, bulls and bears are getting caught in volatile waves. Market corrections are wiping out overexposed positions rapidly.
The $108,947 level has become a psychological warzone. A small price swing can trigger massive liquidations instantly. Hence, risk management is now more crucial than ever for anyone trading leveraged positions.
ETF Inflows Reinforce Bullish Sentiment
Besides market volatility, institutional buyers are fueling the rally through spot Bitcoin ETFs. Net inflows on July 3 hit $601.94 million. Fidelity’s FBTC led the pack with $237.13 million, while BlackRock’s IBIT followed closely with $224.53 million.
Source: Sosovalue
Ark 21Shares’ ARKB saw $114.25 million in inflows, confirming widespread institutional demand. Bitwise, Grayscale, and VanEck also recorded notable gains, with total ETF assets hitting $137.60 billion.
Moreover, Ether ETFs attracted $148.57 million in inflows. BlackRock and Fidelity again dominated ETH ETF activity. Despite a small outflow from Grayscale’s ETHE, the overall ETH trend remained positive.
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