Crypto liquidations don pass $512M as BTC dey near $112K ATH
Bitcoin price don climb pass $111,000, e trigger short liquidations wey pass $460 million, na the highest since May, as ETH enter above $2,700 and SOL waka pass $158. More than 114,000 traders lose their market, with $463 million short and $64 million long liquidations. The biggest blow na $51.5 million short for HTX BTC-USDT pair. The fast liquidation make the short squeeze strong, e push more price acceleration. Inside 24 hours, total liquidations reach $512.24 million. Short position carry majority of am, like 87.6%. BTC-led liquidation na $229.62 million, ETH get $146.78 million. Some altcoins like DOGE, 1000PEPE, WIF, XRP, SOL and gaming token MAGIC record liquidation between $3.71 million to $12.53 million. The top exchanges wey suffer pass na Bybit, Binance and HTX. Analysts talk say this momentum na because spot Bitcoin ETF inflows pass $1.2 billion, wetin US regulation favour and plenty institutional demand. Bitcoin market cap don pass $2.2 trillion as e dey near new all-time high of $112,000. This event show volatility and risk for leveraged crypto trading, e signal strong bullish vibe but e warn make people dey careful for sudden trend exhaustion.
Bullish
Di mass liquidations wey over $512 million—wey mainly from short positions—show serious short squeeze as BTC dey rally towards $112K. ETF inflows wey pass $1.2 billion, better regulation and institutional demand dey support more upside. Even though the higher volatility and liquidation risk dey make people dey cautious, the strong buy pressure and solid momentum dey signal say market go bullish both short term and long term.