$BTC 🚀 Bitcoin Explodes Past $118,800: Bullish Breakout or Smart Money Trap? 📉📈
🔥 Record Corporate Buys | 🔍 $1.25B Shorts Liquidated | 🧠 Fed Rate Cut Hints | 📊 ETF vs Treasury Battle | 🏛️ Crypto Law Week Incoming
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Bitcoin just shook the crypto markets again — but is it real momentum or a setup for disaster? On July 11, BTC soared past the $118,000 barrier and touched intraday highs of $118,800, sending shockwaves through trading platforms and triggering over $1.25 billion in short liquidations in just one day, according to CoinGlass.
While bulls are roaring, skeptics warn: “Is this a breakout—or a bull trap in disguise?”
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📉 Bear Trapped: $1.25 Billion Shorts Wiped Out
Bitcoin’s sudden breakout didn’t just surprise traders — it punished them.
> On-chain data confirms over $1.25 billion in short positions were liquidated across exchanges in 24 hours, one of the largest single-day short wipeouts of 2025.
This short squeeze acted as rocket fuel, pushing BTC further up. But smart traders know: these “short kills” often mark emotional tops, especially when followed by low follow-through volume.