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$575,220,000 Worth of Shorts Wiped Out as Bitcoin Tops $113,000

cryptonews100_tggfrn by cryptonews100_tggfrn
July 11, 2025
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$575,220,000 Worth of Shorts Wiped Out as Bitcoin Tops $113,000
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Bitcoin, the main cryptocurrency by market cap, reached a brand new all-time excessive of $113,541 at 17:41 UTC on the Bitstamp trade, surpassing the $113,000 degree for the primary time. 

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In keeping with CoinGlass knowledge, $575 million price of brief positions have been liquidated over the previous 24 hours amid Bitcoin’s spectacular breakout. 

The market cap of the main cryptocurrency has now swelled to $2.25 trillion. 

Notably, Bitcoin is now near surpassing retail big Amazon by market cap for the primary time. 

In the meantime, some analysts are already eyeing $125,000 as a possible short-term goal for the flagship coin. 



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