On the night of July 17 to 18, 2025, Bitcoin sharply increased in price, reaching a peak of $120,998 and gaining 2.5% in a day. The dynamic rise of the leading cryptocurrency caused significant losses in the derivatives market, as traders massively lost positions due to liquidations.
This is reported by Business • Media
Volume of Liquidations and Major Losses
Over the last 24 hours, the total volume of liquidations in the cryptocurrency market amounted to $812.7 million. The largest losses were incurred by traders who opened short positions, losing $483 million. Meanwhile, participants with long positions lost $329.7 million.
“On the night of July 17 to 18, the price of the first cryptocurrency surpassed the $120,000 mark.”
Alongside Bitcoin, leading altcoins also demonstrated significant growth. In particular, XRP set a new all-time high at $3.65. A total of 174,391 traders had their positions liquidated within a day, indicating high volatility and significant interest in trading.
Leaders Among Exchanges and Crypto Assets
The largest amount of liquidations was recorded on the Binance exchange, where positions worth nearly $51 million were forcibly closed. Bybit and OKX also ranked among the top three in terms of losses. Among the assets, the most liquidations occurred with Ethereum — $238 million. Following that were Bitcoin with $146 million and XRP with $102.5 million.
The total market capitalization of cryptocurrencies exceeded $4 trillion, setting a new record and nearly matching the valuation of the world’s most valuable public company, Nvidia, which is valued at $4.2 trillion as of July 18, 2025.
It was previously reported that decentralized exchanges set a record for trading volume ratios in the second quarter of 2025, surpassing centralized platforms.
