Bitcoin Soars Past $118,000, Wiping Out Over $1 Billion in Shorts
Bitcoin surged to an all‑time high above $118,000 today, igniting a dramatic short squeeze that erased more than $1 billion worth of bearish positions. This marks the single largest short‑liquidation event so far in 2025 . 📉 What happened: 📊 Market context: This rally pushed Bitcoin from around $70,000 in November to over $118,000—a staggering…