#SpotVSFuturesStrategy

On the morning of July 11, 2025, the price of Bitcoin surpassed the $118,000 mark and is now trying to stabilize at this level. Against the backdrop of this surge, the daily liquidation volume amounted to $1.25 billion, according to CoinGlass.

This upward momentum is a continuation of the trend that started on July 10. At that time, Bitcoin also marked a price jump that led to a wave of liquidations for traders in short positions.

In the last 24 hours, the loss from forced liquidations has reached $1.25 billion, with shorts prevailing. Over 264,000 traders were affected.

Bitcoin and Ethereum lead the assets with $655.57 million and $258.76 million, respectively. Bybit and Binance were the worst-performing exchanges, accounting for nearly 60% of the total loss volume.

Large traders on the Hyperliquid platform also faced liquidation threats. One of them holds a short position with a 40x leverage amounting to nearly $134 million. His unrealized loss stands at approximately $11.4 million.