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Bitcoin (BTC) Price: New All-Time High Triggers Largest Short Squeeze of 2025 Affecting 237,000 Traders
The cryptocurrency market has witnessed a significant event as Bitcoin’s price surged to a new all-time high of $118,000, resulting in the largest short squeeze of 2025. This unprecedented move led to massive liquidations, with over 1 billion USD in shorts being wiped out in just 24 hours.
This drastic price action has caught many traders off guard, including those who had bet against the rise of Bitcoin. The data shows that approximately 237,000 traders have suffered losses due to this short squeeze.
Source: blockonomi.com
