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Bitcoin is the top-performing asset in the cryptocurrency market as its price has skyrocketed 80% in a year. It hit an all-time high of $122,838 mid-July, and its price is now at the $119,000 range on Monday. The leading cryptocurrency is bouncing back harder after every dip, making it a prime investment for traders. It is backed by strong institutional clients, and the influx of funds is keeping prices afloat. The surge brings risks of a crash, as Bitcoin usually loses 50% to 80% of its value between 18 months and 2 years whenever it reaches an all-time high. Also Read: Bitcoin Open Interest Reaches All-Time High: Should You Worry? The trend has occurred in 2011, 2013, 2017, and 2021, where Bitcoin lost 70% to 90% of its value after reaching an ATH. In 2011, BTC hit an all-time high of $32 and plunged 94% reaching a low of $2. The same happened in 2013, where BTC hit an ATH of $1,150 and plummeted 90% reaching a low of $150. The crash happened 13 months after the ATH, giving investors...

In one of the most notable single-day liquidations, a cryptocurrency trader lost over $300 million in just three hours. The trader, identified as Qwatio , saw his massive short positions, worth more than $334 million, wiped out in a familiar pattern in his recent trading, according to the latest on-chain data retrieved by Finbold from Lookonchain on July 14.  Qwatio losing cryptocurrency positions. Source: Lookonchain Data from his public wallet (address: 0x916E) shows a cascade of forced liquidations between 11:42 AM and 1:24 PM UTC on Monday.  In total, Qwatio was forced to close positions amounting to approximately 1,743 Bitcoin (BTC), worth around $211 million; 33,743 Ether (ETH), valued at $102.3 million; and 15 million FARTCOIN, worth about $20.6 million. After fees, his net realized loss on these trades was nearly $25.84 million. Bitcoin rally liquidates shorts  Qwatio had placed huge bets against the market, opening aggressive short po...