<ul data-eligibleForWebStory="false"><li>Bitcoin hit a new all-time high of $118,000, causing over $1 billion in short positions liquidated within 24 hours.</li><li>Around 237,000 traders were affected by the liquidation event, with $1.01 billion coming from short sellers.</li><li>The cryptocurrency market cap increased by 4.4% to $3.63 trillion, with major altcoins like Ethereum, Solana, and XRP also posting gains.</li><li>U.S. spot Bitcoin ETFs exceeded $50 billion in cumulative flows, driven by institutional demand from companies like MicroStrategy and Tesla.</li></ul>

Bitcoin (BTC) Price: New All-Time High Triggers Largest Short Squeeze of 2025 Affecting 237,000 Traders

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