{"id":6458,"date":"2025-07-11T08:24:43","date_gmt":"2025-07-11T08:24:43","guid":{"rendered":"https:\/\/otetmarkets.com\/blog\/?p=6458"},"modified":"2025-07-11T08:24:44","modified_gmt":"2025-07-11T08:24:44","slug":"bitcoin-liquidation-117k-crypto-rally-trump","status":"publish","type":"post","link":"https:\/\/otetmarkets.com\/blog\/news\/bitcoin-liquidation-117k-crypto-rally-trump\/","title":{"rendered":"Bitcoin Soars Past $117K, $1.14B in Liquidations Shake Crypto Market"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\" id=\"h-key-takeaways\"><strong>\ud83d\udccc Key Takeaways<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\ud83d\udca5 Bitcoin surges past $117,250, up 24% YTD<\/li>\n\n\n\n<li>\ud83d\udcb8 $1.14B in leveraged crypto positions liquidated in 24 hours<\/li>\n\n\n\n<li>\ud83d\udcc9 Short traders account for $1.02B of total liquidations<\/li>\n\n\n\n<li>\ud83c\udfe6 Bitcoin ETFs have purchased $15B since mid-April<\/li>\n\n\n\n<li>\ud83c\udfdb\ufe0f Trump\u2019s pro-crypto policies strengthen bullish momentum<\/li>\n\n\n\n<li>\ud83d\udd2e Analysts eye $130K\u2013$133K as the next major price target<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-video\">\n  <a href=\"https:\/\/otetmarkets.com\/prblog\" target=\"_blank\">\n    <video height=\"500\" style=\"aspect-ratio: 1312 \/ 500;\" width=\"1312\" autoplay loop muted playsinline>\n      <source src=\"https:\/\/otetmarkets.com\/blog\/wp-content\/uploads\/2025\/04\/Otet-Banner-en-2.mp4\" type=\"video\/mp4\">\n      Your browser does not support the video tag.\n    <\/video>\n  <\/a>\n<\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-crypto-liquidation-breakdown-past-24-hours\"><strong>\ud83d\udcca Crypto Liquidation Breakdown \u2013 Past 24 Hours<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Asset<\/th><th>Liquidations (USD)<\/th><\/tr><\/thead><tbody><tr><td><strong>Total Crypto Market<\/strong><\/td><td>$1.14 Billion<\/td><\/tr><tr><td><strong>Bitcoin (BTC)<\/strong><\/td><td>$599 Million<\/td><\/tr><tr><td><strong>Ethereum (ETH)<\/strong><\/td><td>$243 Million<\/td><\/tr><tr><td><strong>Short Positions<\/strong><\/td><td>$1.02 Billion<\/td><\/tr><tr><td><strong>Long Positions<\/strong><\/td><td>~$120 Million<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-bitcoin-explodes-past-117k-on-institutional-demand-and-trump-tailwinds\"><strong>\ud83d\udca5 Bitcoin Explodes Past $117K on Institutional Demand and Trump Tailwinds<\/strong><\/h3>\n\n\n\n<p><strong>Bitcoin (BTC)<\/strong> hit a new all-time high of <strong>$117,250<\/strong> on Friday, fueled by accelerating <strong>ETF inflows, institutional demand, and renewed optimism from pro-crypto Trump policies<\/strong>.<\/p>\n\n\n\n<p>The breakout shocked many traders, triggering <strong>$1.14 billion in liquidations<\/strong>\u2014the largest in recent years. Of that total, a <strong>massive $1.02 billion<\/strong> came from short positions, suggesting that <strong>bears were caught off guard<\/strong> by the sudden upward momentum.<\/p>\n\n\n\n<p>According to <strong>10X Research<\/strong>, the price action confirms a bullish structural shift. In a note to clients, the firm reported a <strong>short-term breakout signal<\/strong>, which historically precedes <strong>median gains of 20%<\/strong>, putting <strong>$133,000<\/strong> in view as a potential target by <strong>September<\/strong>.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><strong>Read More: <a href=\"https:\/\/otetmarkets.com\/blog\/news\/trump-family-backed-american-bitcoin-raises-220m\/\" target=\"_blank\" rel=\"noreferrer noopener\">Trump Family-Backed American Bitcoin Raises $220M<\/a><\/strong><\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-etf-demand-and-trump-s-pro-crypto-moves-push-market-higher\"><strong>\ud83e\udde8 ETF Demand and Trump\u2019s Pro-Crypto Moves Push Market Higher<\/strong><\/h3>\n\n\n\n<p>Bitcoin\u2019s rally is also being driven by continued strength in ETF buying. Analysts note that <strong>since mid-April, Bitcoin ETFs have absorbed over $15 billion in BTC<\/strong>, significantly reducing market supply and supporting higher prices.<\/p>\n\n\n\n<p>Adding to the bullish backdrop are <strong>favorable political developments<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\ud83c\uddfa\ud83c\uddf8 <strong>Trump\u2019s executive order<\/strong> in March established a <strong>national crypto reserve<\/strong>.<\/li>\n\n\n\n<li>\ud83c\udfdb\ufe0f Pro-crypto figures like <strong>Paul Atkins<\/strong> and <strong>David Sacks<\/strong> have taken key regulatory positions.<\/li>\n\n\n\n<li>\ud83d\udcbc Trump Media &amp; Technology Group filed to launch a <strong>multi-token crypto ETF<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p>These moves have sparked <strong>fresh institutional interest<\/strong> and provided a <strong>regulatory green light<\/strong> that had been missing from previous crypto bull runs.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"482\" src=\"https:\/\/otetmarkets.com\/blog\/wp-content\/uploads\/2025\/07\/slider_photo__26_-2-1024x482.webp\" alt=\"\" class=\"wp-image-6460\" srcset=\"https:\/\/otetmarkets.com\/blog\/wp-content\/uploads\/2025\/07\/slider_photo__26_-2-1024x482.webp 1024w, https:\/\/otetmarkets.com\/blog\/wp-content\/uploads\/2025\/07\/slider_photo__26_-2-300x141.webp 300w, https:\/\/otetmarkets.com\/blog\/wp-content\/uploads\/2025\/07\/slider_photo__26_-2-768x361.webp 768w, https:\/\/otetmarkets.com\/blog\/wp-content\/uploads\/2025\/07\/slider_photo__26_-2.webp 1312w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-volatility-ignites-massive-liquidations\"><strong>\ud83d\udcc9 Volatility Ignites Massive Liquidations<\/strong><\/h2>\n\n\n\n<p>The <strong>surge in Bitcoin\u2019s price<\/strong> didn\u2019t come without casualties. According to <strong>CoinGlass<\/strong>, <strong>$1.14B in leveraged positions were wiped out<\/strong>, the majority from <strong>over-leveraged short traders<\/strong>.<\/p>\n\n\n\n<p>Bitcoin alone accounted for <strong>$599M in liquidations<\/strong>, followed by Ethereum at <strong>$243M<\/strong>, with losses also seen in <strong>Solana<\/strong>, <strong>Hyperliquid<\/strong>, and <strong>XRP<\/strong>.<\/p>\n\n\n\n<p>This liquidation wave indicates a <strong>strong reversal in market sentiment<\/strong>, with traders scrambling to <strong>reposition themselves in a fast-moving bull trend<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-what-s-next-for-bitcoin\"><strong>\ud83d\udd0d What&#8217;s Next for Bitcoin?<\/strong><\/h3>\n\n\n\n<p>Analysts say the <strong>next key resistance lies near $130,000<\/strong>, with a breakout above that level potentially opening the door to <strong>$133,000 or higher<\/strong> in Q3.<\/p>\n\n\n\n<p>But the market remains sensitive to macro triggers. All eyes are now on:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\ud83e\uddfe <strong>U.S. CPI data next week<\/strong><\/li>\n\n\n\n<li>\ud83c\uddfa\ud83c\uddf8 The start of <strong>Crypto Week in Washington<\/strong>, where fresh regulatory signals could emerge<\/li>\n<\/ul>\n\n\n\n<p>According to crypto strategist Markus Thielen,<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cBitcoin may be transitioning into a higher trading range. The combination of ETF buying, regulatory support, and institutional demand makes this rally fundamentally stronger than previous ones.\u201d<\/p>\n<\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-final-thoughts\"><strong>\ud83d\udcac Final Thoughts<\/strong><\/h2>\n\n\n\n<p>This could mark the start of <strong>a new crypto bull market phase<\/strong> but as always, volatility remains high, and sentiment can turn quickly. Traders should keep a close eye on macro data and policy updates for further direction.<\/p>\n\n\n\n<p><strong>\ud83d\udce2 <em>What\u2019s your BTC price target this summer? Share your thoughts below and follow us for more high-impact crypto coverage.<\/em><\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/cryptonews.com\/news\/bitcoin-set-to-fresh-record-at-116k-forecasts-hint-at-130k-by-fall\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\ud83d\udccc Key Takeaways \ud83d\udcca Crypto Liquidation Breakdown \u2013 Past 24 Hours Asset Liquidations (USD) Total Crypto Market $1.14 Billion Bitcoin (BTC) $599 Million Ethereum (ETH) $243 Million Short Positions $1.02 Billion Long Positions ~$120 Million \ud83d\udca5 Bitcoin Explodes Past $117K on Institutional Demand and Trump Tailwinds Bitcoin (BTC) hit a new all-time high of $117,250 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6461,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23,2],"tags":[29],"class_list":["post-6458","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","category-news","tag-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/6458","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/comments?post=6458"}],"version-history":[{"count":2,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/6458\/revisions"}],"predecessor-version":[{"id":6464,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/6458\/revisions\/6464"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/media\/6461"}],"wp:attachment":[{"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/media?parent=6458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=6458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=6458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}