News View Non-AMP

Bitcoin Bull Run Triggers $482M Crypto Liquidations – More to Follow?

Published by
Mustafa Mulla

Bitcoin’s rapid climb toward the $100,000 milestone is creating massive buzz across the crypto market. Over the past 24 hours, more than $482 million worth of positions were liquidated, affecting nearly 166,000 traders.

While some are riding the wave, others—especially those betting against Bitcoin—are facing heavy losses.

Short Traders Hit Hard

Leading the charge, Bitcoin has soared to a new all-time high of nearly $98,363. Its unstoppable rally has put short traders, who wager on price declines, in a tough spot.

In the last day alone, short traders lost more than $99 million, while long traders, betting on further price increases, faced losses of around $27 million. This underscores the intense volatility gripping the market as traders try to anticipate Bitcoin’s next move.

$482 Million Liquidated Across the Market

The broader crypto market has also been rocked by liquidations, which totaled $482 million in the past 24 hours. Data from CoinGlass reveals that long positions accounted for $273 million of the losses, while short positions made up $212 million.

Ethereum Lags Behind

Ethereum, the second-largest cryptocurrency, has also been affected. While it hasn’t faced losses on the same scale as Bitcoin, Ethereum still saw $70 million in liquidations during this period.

Ethereum’s price is currently around $3,240, showing a modest increase from the previous day. However, it remains far below its all-time high of nearly $4,900, a stark contrast to Bitcoin’s recent performance. Ethereum is still down by about 33% from its peak, highlighting its challenges amid Bitcoin’s rally.

Market Instability: More Liquidations Ahead?

As Bitcoin approaches the $100,000 mark, the market remains on edge. Companies like MicroStrategy are aggressively buying Bitcoin, pushing prices even higher and increasing the likelihood of more liquidations.

As Bitcoin moves toward the $100,000 mark, it’s clear that the crypto market is far from stable. Traders are betting big, but when things go wrong, the losses can be massive.

Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Recent Posts

Bitcoin, Ethereum, XRP Prices Flat As White House Crypto Report Fails to Spark Rally

The prices of top cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and XRP showed little to…

July 31, 2025

Bitcoin Price Tumbles While Fed Rates Remain Flat—Opportunity or Red Flag?

Ever since the Fed's rates were slashed below 5% back in October 2024, they have…

July 31, 2025

Bitcoin (BTC) Price Falters as Fed and BoC Hold Interest Rates Steady

Bitcoin (BTC) price has gradually lost its initial July bullish momentum during the past three…

July 31, 2025

Solana Enters a Crucial Zone: Here’s When the SOL Price May Hit a New ATH Above $300

Solana (SOL) is navigating a pivotal market phase as it hovers near a critical resistance…

July 31, 2025

Fed Holds Interest Rates Steady, Citing Trump’s Tariffs Despite Push for Cuts

The Federal Reserve has decided to keep its key interest rate steady at around 4.25%-4.5%,…

July 31, 2025

This Altcoin is at the Foothill of a Massive Explosion—Will it Follow Bitcoin & Smash a New ATH in 2025?

Litecoin (LTC) price has shown renewed momentum in recent sessions, staging a steady upward move…

July 30, 2025