Bitcoin surges to new highs, with $1 billion in short liquidations in one day.
Bitcoin has reached a historic high of $118,000, triggering the largest single-day liquidation wave of the year: on July 10, $1.11 billion in short contracts were liquidated within 24 hours, far exceeding the previous record of May 10.
During the same period, long liquidations amounted to only $120 million, with 262,000 traders forced to close positions, totaling $1.24 billion in liquidations.
Exchange data shows that Bybit is the hardest hit (liquidations of $291 million, 98% are short positions), followed by HTX ($133 million).
The last BTC/USDT contract liquidation on HTX reached $88.55 million, setting a record for the largest single-day liquidation.
Bitcoin itself is up 4.82% in 24 hours, with short liquidations of $548 million and long positions only $12.13 million, highlighting bullish market sentiment.
Solana breaks resistance, targeting $164.
Solana (SOL) recently broke through the symmetrical triangle resistance, signaling a bullish trend technically.
Analysts believe that based on the height of the pattern, the next target could be $164.
Current SOL price is $158, up 3% in 24 hours, in an upward trend following a breakout.
Cardano shows short-term bullishness, but long-term concerns remain.
Cardano (ADA) is currently priced at $0.626, up 17% from the low in early July ($0.536), with a short-term bullish target of $0.66-$0.68.
The daily chart shows a bullish structure (higher highs and lows), with RSI breaking above the neutral line at 50, indicating strengthening momentum.
However, the weekly trend remains bearish (continuously lower highs and lower lows since December), with $0.68 as a key resistance (a dense supply area since June).
If it can break through, it may reverse the trend; otherwise, it could pull back 30%-40%. Additionally, declining development activity and reduced on-chain activity may pose risks during the growth phase.
HYPE approaches historical highs, with continuous positive news.
HYPE token listed on Bybit and its inclusion in Grayscale's Q3 2025 candidate list has driven a 7.62% increase to $44.55 in 24 hours, approaching its historic high, with trading volume increasing by 40.2% to $422 million.
Support comes from the Hyperliquid platform: daily income exceeds Ethereum and Solana, with a perpetual contract market share of 60%, and integration with Phantom wallet enhances user accessibility.
Rising institutional interest combined with a strong platform makes it a recent hot target.