Bitcoin Sets New ATH Above $118K — $1 Billion In Shorts Obliterated As ETF Inflows Surge
Bitcoin surged to a new all-time high (ATH) above $118K as spot BTC ETF (exchange-traded fund) inflows surged, triggering over $1 billion in liquidated shorts. BTC climbed as high as $118,403.89 before profit taking sent it back to $118,193.47 as of 2:21 a.m. EST. Despite the slight pullback, Bitcoin remains up more than 6% over the past 24 hours, according to CoinMarketCap. Bitcoin Shorts Hammered Bitcoin’s explosive rally triggered the largest short liquidations of the year, with over $1.02 billion wiped out in bearish positions. According to CoinGlass, around 237,000 traders were liquidated, underscoring the scale of the move. The single biggest loss was an $88.5 million BTC-USDT short on HTX. Bybit led all exchanges in total liquidations with $461 million, over 93% of which came from short positions. Binance and HTX followed with $204 million and $193 million in liquidations, respectively. Short positions worth $1.02B were liquidated in 24 hourshttps://t.co/uBQ0VD9qtJ ...