A significant event occurred on Bybit with the liquidation of a $10 million short position in Bitcoin. This incident is one of the largest liquidations in history and is associated with sharp price changes in Bitcoin.
Liquidation of Short Position on Bybit
On August 13, 2025, a $10 million BTC/USD short position was liquidated on Bybit amid a surge that saw Bitcoin prices exceed $120,000.
Impact on Cryptocurrency Market
This liquidation contributed to a total of $5.01 billion in global liquidations, reflecting the high volatility of the market. 117,380 traders were affected, with Bitcoin and Ethereum being the most impacted assets.
Future Perspectives and Regulatory Discussions
Historical trends indicate that such events may lead to increased discussions about regulating risky financial instruments. This incident could also impact technological advancements in the crypto ecosystem focused on risk management.
The liquidation event on Bybit marks a significant occurrence in the cryptocurrency market, highlighting its substantial volatility and potential implications for traders and investors.
