Bitcoin Blasts Past $113K as Liquidations Top $300 Million

The world’s leading cryptocurrency is now trading at $113,357, up 3.58% in the past 24 hours and continuing its steady […]

The post Bitcoin Blasts Past $113K as Liquidations Top $300 Million appeared first on Coindoo.

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.

   

 

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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.

The post Bitcoin Blasts Past $113K as Liquidations Top $300 Million appeared first on Coindoo.

 

Source: https://coindoo.com/bitcoin-blasts-past-113k-as-liquidations-top-300-million/

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