Callme Crypto 
- On January 20, Bitcoin’s price hit a historic high, surpassing $109,000.
- On that day, the liquidation volume in the cryptocurrency market exceeded $1.24 billion within 24 hours.
- The majority of the losses were concentrated in long positions.
Bitcoin’s rise to $109,000
On January 20, 2025, the price of Bitcoin reached a historic all-time high (ATH), surpassing $109,000. The rise of the leading cryptocurrency to this new record was accompanied by high market volatility, resulting in liquidation volumes exceeding $1.24 billion in a single day.
As a result, 408,312 trader positions were liquidated. Of these, approximately $908 million in losses were attributed to long positions, while over $330 million were linked to short positions. The largest liquidations occurred in Bitcoin and Ethereum, with total liquidations of about $261 million and $215 million, respectively.
There were also over $138 million in liquidations in pairs involving the TRUMP memecoin, which was announced by Donald Trump on January 18, 2025.
The largest liquidation volumes were recorded on cryptocurrency exchanges Binance and OKX, with $456 million and $309 million, respectively. The largest single liquidation amounted to $15.24 million on Binance in the BTC/USDT pair.
At the time of writing, Bitcoin is trading near the $108,000 level.
