#ArbitrageTradingStrategy

Bitcoin has breached the $118,000 barrier for the first time in history during the past few hours, leading to the largest wave of losses in 2025 for leveraged speculators holding short positions.

In the past twenty-four hours, positions worth over $1.13 billion have been liquidated, including $1.01 billion from short positions alone, which is the largest liquidation of short positions in 2025 so far.

In the last four hours, the open interest in Bitcoin futures contracts has increased by $2 billion, with the ratio of long to short positions leaning towards the bullish trend at 52%, reflecting the growing bets on the continued rise in prices.

Meanwhile, Bitcoin options investors have increased their bets on a significant rise in the digital currency's prices, as the historic upward wave continues for the second consecutive day, pushing the price above $118,000 for the first time in its history.