Bitcoin just logged its most explosive move of 2025 — surging 55% since April to reach a record high above $117,000.

This historic rally was supercharged by the largest short-side liquidation event of the year, with over $1.01 billion in short positions wiped out in a single day. In total, 237,000 traders were liquidated, with one of the biggest hits being an $88.5 million BTC-USDT short on HTX. $BTC