Bitcoin Blasts Past $113K as Liquidations Top $300 Million
Bitcoin has shattered expectations once again, breaking through the $113,000 mark and setting a new all-time high.
The world’s leading cryptocurrency is now trading at $113,357, up 3.58% in the past 24 hours and continuing its steady rally over the past week.
The rapid surge has triggered a wave of liquidations across the derivatives market. According to the latest data, Bitcoin-related liquidations have reached $301.66 million, with short positions bearing the brunt — totaling nearly $291.7 million in losses. Long positions were less impacted, with around $9.98 million liquidated.
Ethereum also joined the rally, climbing to $2,829, up over 6% in a single day. Still, Bitcoin remains firmly in the spotlight with a staggering $64 billion in 24-hour trading volume and a total market capitalization of over $2.25 trillion.
The massive short squeeze suggests many traders were caught off guard, betting against Bitcoin’s momentum — and paying the price.
This latest move reinforces bullish sentiment in the market, though volatility remains high and further liquidations could follow if the trend continues.
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
