BTC News: Bitcoin Nears $118K, Sets Fresh Highs as Over $1B Shorts Get Liquidated in 2025 Record

coindesk.com/markets/2025/07/11/over-1b-in-shorts-wiped-out-in-biggest-liquidation-since-january-as-btc-doge-xrp-zoom-5

Bitcoin Rockets Past $118K, Leads to Over $1B Shorts Getting Liquidated
Roughly 237,000 traders were liquidated in total, with the single largest hit being an $88.5 million BTC-USDT short on HTX.
What to know:
- Over $1.13 billion in crypto positions were liquidated in 24 hours, with…

This story appeared on coindesk.com, 2025-07-11 16:11:05.041000.
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