Well, folks, it seems Bitcoin has decided to throw a little party, and it’s not just a BYOB kind of affair. The digital darling has hit a new all-time high, clocking in at a staggering $116,400. That’s right, you could buy a small island with that kind of money, or at least a really nice car. 🚗
In the past 24 hours, Bitcoin has managed to add 4.6% to its value, and over the past week, it’s up a whopping 5.5%. With a daily trading volume that could rival the GDP of a small country at $50 billion, it’s safe to say the crypto world is buzzing like a hive of bees on a sugar high. 🐝
But here’s the kicker: while Bitcoin is soaring, it’s not exactly a smooth ride for everyone. Short traders, those brave souls who bet against the market, have been hit with a collective $940 million loss in the past day. According to Coinglass, this has led to a massive short squeeze, a term that basically means the shorts are getting squeezed like lemons in a juicer. 🍋
As of now, the total liquidations have hit the $1 billion mark, with 94% of that coming from sellers. It’s a clear sign that the buyers are in the driver’s seat, and they’re not letting up anytime soon. 🚗💨
And it’s not just Bitcoin that’s having a field day. The rest of the crypto market is also seeing some impressive gains. Ethereum (ETH) is flirting with the $3,000 mark, XRP is cozying up to $2.6, and the total cryptocurrency market cap is flirting with the $3.7 trillion mark. It’s a crypto love fest, and everyone’s invited! 🎉
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2025-07-11 01:01