Bitcoin Surges Past $118K, Triggers $1B Short Liquidation Spree

  • Bitcoin (BTC) skyrocketed to a record-breaking $117,999.80, igniting the biggest short squeeze of 2025. In just 24 hours, more than $1.13 billion in leveraged positions were liquidated, with a staggering $1.01 billion wiped from short sellers the largest single-day short liquidation of the year.