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$280 Million in Crypto Shorts Liquidated as Bitcoin Tops $110K

by Catatonic Times
July 3, 2025
in Web3
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In short

Bitcoin briefly topped $110,000 Thursday morning, sparking $281 million in liquidated brief positions throughout your complete crypto market.
The value motion adopted the discharge of the ADP Nationwide Employment Report, which confirmed U.S. non-public payrolls fell final month for the primary time since 2023.
U.S. spot Bitcoin ETFs took in $407.8 million on Wednesday, whereas Ethereum ETFs shed $1.9 million.

Bitcoin briefly topped $110,000 Thursday morning, sparking over $331 million in liquidations throughout the crypto market—the majority of which have been brief positions.

The worth of Bitcoin has since slipped again to $109,720, up 1.8% on the day in line with CoinGecko knowledge—simply 1.8% from final month’s all-time excessive of $111,814.

Because of this motion, over $101 million briefly BTC positions have been liquidated over the previous 24 hours, in line with CoinGlass. Ethereum painted an analogous image, with $91.2 million in shorts liquidated. In whole, over $280 million in shorts have been liquidated throughout your complete crypto market during the last day.

All of this motion got here following the discharge of the ADP Nationwide Employment Report, which confirmed U.S. non-public payrolls fell final month for the primary time since 2023.

“Following the discharge, markets swiftly adjusted their expectations for Fed coverage, with the chance of a July fee reduce rising to 25.3%,” an analyst at derivatives alternate Bitunix mentioned in a be aware shared with Decrypt. “Gold climbed, whereas the U.S. greenback got here underneath stress. The crypto market reacted positively, with main belongings rebounding amid volatility.”

Ethereum has climbed 5.5% over the previous 24 hours, in line with CoinGecko, because it hovers round $2,600—the best it has been since mid-June. The worldwide cryptocurrency market cap has fallen 0.3% over the previous 24 hours, in line with CoinGecko, to a complete of $3.48 trillion. Main movers embody XRP up 4.9%, Dogecoin 7.3%, and Cardano 7%.

Solana has additionally jumped 3.6% following the debut of the U.S. Rex-Osprey Solana + Staking ETF, producing $12 million in first-day inflows on Wednesday. The SEC is anticipated to approve a number of different crypto ETFs this yr, with a basket of different Solana funds ready within the wings.

U.S. spot Bitcoin ETFs noticed inflows of $407.8 million on Wednesday, in line with Farside, with Constancy’s FBTC main the best way, taking in $184 million. Ethereum ETFs, in the meantime, noticed $1.9 million in outflows on Wednesday in line with Farside.

“BTC has damaged by way of its short-term descending trendline,” the Bitunix analyst mentioned, noting that the cryptocurrency is, “approaching the important thing resistance stage at $110,348. Assist lies within the $105,000 to $102,560 zone; if the worth pulls again however holds above these ranges, the bullish momentum could proceed.”

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Tags: 110KBitcoincryptoliquidatedMillionShortsTops
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