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Bitcoin surged to a brand new all-time excessive (ATH) above $118K as spot BTC ETF (exchange-traded fund) inflows surged, triggering over $1 billion in liquidated shorts.
BTC climbed as excessive as $118,403.89 earlier than revenue taking despatched it again to $118,193.47 as of two:21 a.m. EST. Regardless of the slight pullback, Bitcoin stays up greater than 6% over the previous 24 hours, based on CoinMarketCap.
Bitcoin Shorts Hammered
Bitcoin’s explosive rally triggered the most important quick liquidations of the 12 months, with over $1.02 billion worn out in bearish positions.
In line with CoinGlass, round 237,000 merchants had been liquidated, underscoring the size of the transfer. The one largest loss was an $88.5 million BTC-USDT quick on HTX.
Bybit led all exchanges in complete liquidations with $461 million, over 93% of which got here from quick positions. Binance and HTX adopted with $204 million and $193 million in liquidations, respectively.
Quick positions value $1.02B had been liquidated in 24 hourshttps://t.co/uBQ0VD9qtJ pic.twitter.com/WkMN0FTTbC
— ICO Drops (@ICODrops) July 11, 2025
Bitcoin ETF Inflows Soar Previous $1.1 Billion
Surging Bitcoin ETF inflows are serving to underpin BTC’s surge. Farside Traders information exhibits over $1.175 billion flowed into the funds collectively yesterday.
A lot of the flows had been posted by BlackRock’s IBIT, which has been the best choice for institutional traders because the Bitcoin ETFs launched in January final 12 months. This pattern continued with one other $448.5 million getting into IBIT’s reserves yesterday.
Traders additionally turned to Constancy’s FBTC and Ark’s ARKB, with respective inflows reaching $324.3 million and $268.7 million. Bitwise’s BITB noticed $77.2 million in web inflows for the day, whereas one other $15.2 million entered VanEck’s HODL ETF and $81.9 million was added to Grayscale’s BTC fund.
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