10.06.2025 00:42

Bitcoin's price surged dramatically, exceeding $111,000 and nearing its all-time high of $111,970. This remarkable ascent followed positive developments in ongoing US-China economic talks, fueled further by President Trump's optimistic assessment of the discussions. The rapid price increase is clearly illustrated in charts tracking BTC's value.

A significant consequence of this sudden price jump was a massive wave of liquidations across the cryptocurrency market. Within a single hour, a staggering $168 million in liquidations occurred. The overwhelming majority of these, approximately $165 million, stemmed from short positions, indicating a widespread bet against Bitcoin's upward trajectory that proved dramatically incorrect.

Bitcoin itself accounted for the lion's share of these liquidations, with $110 million in losses, considerably outpacing Ethereum's $30 million. A detailed breakdown of liquidations across various cryptocurrencies is available (Table not included here).

It is important to note that this information should not be construed as investment advice. For further insights, including exclusive news, analytics, and on-chain data, please refer to internet sources such as Telegram and Twitter accounts dedicated to cryptocurrency market analysis.