Bitcoin\u2019s price is expanding to the upside and has charted a new all-time high at around $116,400.<\/p>\n
With this latest move, BTC is up 4.6% in the past 24 hours and more than 5.5% over the past seven days with a massive $50 billion daily trading volume.<\/p>\n
<\/a>Source: TradingView<\/p>\n The move comes at the expense of short traders, who lost a combined total of around $940 million in the past day, according to data from Coinglass. This has caused a massive short squeeze, which is a common term used to describe a situation where short traders get liquidated and, as they do, this pushes the price upwards even further.<\/p>\n At the time of this writing, the total liquidations are at about $1 billion and 94% of that accounts for sellers, which is pretty indicative of the absolute domination by the buyers.<\/p>\n The rest of the market is also charting considerable gains \u2013 ETH is approaching $3,000, XRP is trading close to $2.6, while the total cryptocurrency market capitalization is almost $3.7 trillion.<\/p>\n \u00a0<\/p>\n The post Bitcoin Price Tops $116,000, Massive Short Squueze Approaches $1 Billion<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin\u2019s price is expanding to the upside and has charted a new all-time high at around $116,400. With this latest move, BTC is up 4.6% in the past 24 hours and more than 5.5% over the past seven days with a massive $50 billion daily trading volume. Source: TradingView The move comes at the expense […]<\/p>\n","protected":false},"author":0,"featured_media":79886,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-79885","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/79885"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=79885"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/79885\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/79886"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=79885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=79885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=79885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![<\/a>Source: TradingView<\/p>\nThe move comes at the expense of short traders, who lost a combined total of around $940 million in the past day, according to data from Coinglass. This has caused a massive short squeeze, which is a common term used to describe a situation where short traders get liquidated and, as they do, this pushes the price upwards even further.<\/p>\nAt the time of this writing, the total liquidations are at about $1 billion and 94% of that accounts for sellers, which is pretty indicative of the absolute domination by the buyers.<\/p>\nThe rest of the market is also charting considerable gains \u2013 ETH is approaching $3,000, XRP is trading close to $2.6, while the total cryptocurrency market capitalization is almost $3.7 trillion.<\/p>\n\u00a0<\/p>\nThe post Bitcoin Price Tops $116,000, Massive Short Squueze Approaches $1 Billion<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Bitcoin\u2019s price is expanding to the upside and has charted a new all-time high at around $116,400. With this latest move, BTC is up 4.6% in the past 24 hours and more than 5.5% over the past seven days with a massive $50 billion daily trading volume. Source: TradingView The move comes at the expense […]<\/p>\n","protected":false},"author":0,"featured_media":79886,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-79885","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/79885"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=79885"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/79885\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/79886"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=79885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=79885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=79885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/BTCUSD_2025-07-11_00-50-02.png\"){kind=link}