๐ฆ๐ต๐ผ๐ฟ๐๐ ๐ช๐ถ๐ฝ๐ฒ๐ฑ ๐ข๐๐! $๐ญ๐ ๐๐ง๐ ๐๐ถ๐พ๐๐ถ๐ฑ๐ฎ๐๐ถ๐ผ๐ป๐ ๐ฎ๐ ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ ๐ฆ๐ผ๐ฎ๐ฟ๐ ๐๐ผ $๐ญ๐ญ๐ด๐
โฌ Bitcoin smashed past $118,000, triggering over $1 billion in short liquidations โ the biggest single-day wipeout in 2025 so far.
โฌ ๐ In the last 24h, BTC short liquidations hit around $965M, while long liquidations were just about 10% of that. A single whale on HTX lost $88.5M, and Binance saw 5,000 BTC liquidated in one wave.
โฌ ๐ Most of this happened late July 10 during US hours, as BTC broke its earlier all-time high of $112,000 โ clearing around $340M of shorts in minutes.
โฌ โก Despite the squeeze, BTC traders quickly rebuilt open interest to $38B, and futures volumes stayed high at $59B, keeping BTC ahead of ETH. BTC dominance rose to 62.6%, close to its 2021 peak.
โฌ ๐ช Ethereum also gained, reclaiming $3,000 with $258M in short liquidations. But the spotlight stayed on BTCโs sharp move.
โฌ ๐ Big names like James Wynn and @qwatio tried to short BTC just before the pump โ and got liquidated. Wynn used 40X leverage and lost after depositing $27,555 USDC. @qwatio reportedly closed all positions but has over $16.7M in past shorting losses.
โฌ ๐ Traders remain cautious as BTC enters price discovery, aiming for $120K. The rally so far has been driven mostly by whales and institutions, while retail traders stay on the sidelines.
โฌ ๐ก๏ธ BTC is again seen as a safe haven โ but with massive upside and volatility, shorting remains risky, and liquidations could spike again if momentum keeps going.