đ Date: July 11, 2025
đïž By Crypto Bulletin Team
#ETHBreaks3k Bitcoin (BTC) has broken another major barrier by crossing $113,000, marking yet another historic high in 2025. The surge has triggered the liquidation of over $890 million in short positions in the past 24 hours, as investors continue to shift heavily into risk-on assets.#TrendTradingStrategy
đ Market Reaction:
According to CoinGlass and CryptoQuant data:
Over 225,000 traders were liquidated.
The biggest single liquidation order was worth $10.3 million, executed on OKX.
BTC dominance climbed to 57.8%, the highest since 2021.
đ Why Is Bitcoin Rising?
Multiple factors are fueling this rally:
â The Federal Reserveâs dovish signals, hinting at possible rate cuts.
â Renewed institutional demand, led by BlackRock, Fidelity, and Hong Kong-based funds.
â Bitcoin ETF daily inflows topping $800M+, pushing prices higher.
â Increasing geopolitical uncertainty, pushing investors toward âdigital gold.â
đŹ Analyst Commentary:
> âBitcoin is acting like a magnet for capital in uncertain times,â said Linda Zhou, senior strategist at Galaxy Digital. âWe could see $120K much sooner than expected if this volume sustains.â
đ Altcoin Market Also Rallies:
Ethereum (ETH) is trading above $6,250 (+7%).
Solana (SOL) and Avalanche (AVAX) saw double-digit gains.
Meme coins like Dogecoin and PEPE also rose sharply.
đ Short Sellers Hit Hard: With over $890 million in shorts liquidated, the market has seen its largest short squeeze since April 2024. Bears are scrambling to cover their positions, fueling even more buying pressure.
đą Social Media Reactions: Crypto Twitter and Reddit are trending with hashtags like #BTC113K, #BitcoinMoon, and memes mocking short sellers.
đ What to Watch Next: All eyes are now on the $115K resistance. If Bitcoin breaks it with strong volume, analysts predict a path to $120Kâ$125K by end of July.
đ Disclaimer: Crypto investments carry risk. Always do your own research (DYOR) and invest responsibly.
