On July 10, 2025, Bitcoin set a new all-time high, reaching $112,000, which caused significant volatility in the crypto market. According to CoinGlass, the volume of liquidations of futures positions exceeded $515 million in 24 hours. The majority of losses were incurred by short positions — about $310 million, while long positions lost $205 million. The most liquidations were recorded in pairs with Bitcoin ($230 million) and Ethereum ($130 million).
This spike in liquidations occurred against the backdrop of the rapid increase in the price of Bitcoin, driven by optimism regarding the easing of U.S. trade tariffs and an influx of institutional investments. The exchanges Binance and Bybit emerged as leaders in terms of liquidation volume, totaling $200 million and $140 million respectively. The largest single liquidation of $6.5 million occurred on Bitfinex in the BTC/USD pair.
Experts note that such spikes in liquidations are typical during sharp price movements when highly leveraged traders suffer losses. Despite this, market sentiment remains positive due to increasing trust in cryptocurrencies and the development of DeFi protocols. Analysts advise investors to be cautious due to high volatility and to monitor macroeconomic news that may impact the future market dynamics.
