Bybit Records $10 Million Bitcoin Short Liquidation amid Market Surge

Record-breaking liquidations occurred on Bybit as Bitcoin prices soared past $120,000 on August 13, 2025. A significant market event saw a staggering $10 million in short Bitcoin positions liquidated at the exchange. This action highlights the inherent volatility of the cryptocurrency market and triggered $5.01 billion in global liquidations across all exchanges, impacting institutional investors and regulatory bodies.