Bitcoin Hits Record High Above $112K, Triggers $226M in Liquidations
Bitcoin soared to a new all-time high above $112,000, intensifying market volatility and wiping out hundreds of millions in leveraged bets.
According to the latest liquidation data, over $226.46 million in BTC positions were liquidated within 24 hours—an overwhelming $214.46 million of which came from short positions. Longs, in comparison, only accounted for $12 million, highlighting the massive squeeze on bearish traders.
The price spike reflects renewed bullish momentum in the market, pushing Bitcoin’s market capitalization past $2.2 trillion. Trading activity has also surged, with 24-hour volume exceeding $55.6 billion, showing strong participation from both retail and institutional players.
This price action marks a critical moment for traders betting against Bitcoin’s rally. The overwhelming short liquidations underscore how quickly sentiment can turn in a highly leveraged environment, especially as Bitcoin enters uncharted territory.
While momentum remains strong, analysts caution that volatility is likely to persist. With nearly half a billion dollars in total liquidations across the broader crypto market, risk management is more essential than ever.
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.
