#TrendTradingStrategy 📊 Crypto Market Update — July 11, 2025

🔹 Major Coin Prices

Bitcoin (BTC): Around $117,590

→ Day's High: $118,668 | Low: $115,533

Ethereum (ETH): Around $2,964

→ Day's High: $3,027 | Low: $2,923

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🧨 Massive Liquidations in the Market

In the past 24 hours, the market witnessed over $1.25 billion in liquidations, with 90–93% of them being short positions. It was a heavy short squeeze, especially painful for bearish traders.

Total Traders Liquidated: ~232,000 to 265,000

Largest Single Liquidation: ~$88.5 million on HTX, from a BTC short

BTC Shorts Liquidated: ~$590 million

ETH Shorts Liquidated: ~$207 million

(Source: CoinGlass, CoinDesk, Cointelegraph)

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📉 Exchanges Most Affected

Bybit: ~$460–514 million liquidated (mostly short positions)

HTX: ~$193–204 million, including the record $88M liquidation

Binance: ~$204–228 million in liquidations

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🔍 What Caused It?

A massive rally in Bitcoin above $118K triggered stop-hunts and liquidations for overleveraged shorts.

Open Interest reached a record:

→ BTC OI: ~$78.6 billion

→ Total OI across market: ~$177 billion

Sharp reversals in trend created sudden liquidation zones.