---
title: "Bitcoin Price Tops $116,000, Massive Short Squueze Approaches $1 Billion"
url: https://diffcoin.com/bitcoin-price-tops-116000-massive-short-squueze-approaches-1-billion/
description: "Bitcoin paints a new all-time high on the back of massive short squeeze worth almost $1 billion."
published: 2025-07-10
updated: 2025-07-10
author: "Mila"
site: "Diffcoin"
---

# Bitcoin Price Tops $116,000, Massive Short Squueze Approaches $1 Billion

Bitcoin’s price is expanding to the upside and has charted a new all-time high at around $116,400.

With this latest move, BTC is up 4.6% in the past 24 hours and more than 5.5% over the past seven days with a massive $50 billion daily trading volume.

![BTCUSD_2025-07-11_00-50-02](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHZpZXdCb3g9IjAgMCAzMjUwIDE1ODAiIHdpZHRoPSIzMjUwIiBoZWlnaHQ9IjE1ODAiIGRhdGEtdT0iaHR0cHMlM0ElMkYlMkZjcnlwdG9wb3RhdG8uY29tJTJGd3AtY29udGVudCUyRnVwbG9hZHMlMkYyMDI1JTJGMDclMkZCVENVU0RfMjAyNS0wNy0xMV8wMC01MC0wMi5wbmciIGRhdGEtdz0iMzI1MCIgZGF0YS1oPSIxNTgwIiBkYXRhLWJpcD0iIj48L3N2Zz4=)

Source: TradingView

The move comes at the expense of short traders, who lost a combined total of around $940 million in the past day, according to data from Coinglass. This has caused a massive short squeeze, which is a common term used to describe a situation where short traders get liquidated and, as they do, this pushes the price upwards even further.

At the time of this writing, the total liquidations are at about $1 billion and 94% of that accounts for sellers, which is pretty indicative of the absolute domination by the buyers.

The rest of the market is also charting considerable gains – ETH is approaching $3,000, XRP is trading close to $2.6, while the total cryptocurrency market capitalization is almost $3.7 trillion.

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