- Bitcoin surged to $122,314 and Ethereum to $4,305, nearing their all-time highs as over $700 million in leveraged positions ,mostly shorts were liquidated in just three days.
- Meanwhile, Euronext-listed Capital B boosted its Bitcoin holdings to 2,201 BTC after acquiring 126 BTC for $14.4 million, reinforcing institutional demand.
After a shaky start to August, crypto bulls stormed back in the second week, propelling Bitcoin (BTC) and Ethereum (ETH) to within striking distance of their all-time highs. Over the weekend, BTC surged past $122,000, while ETH climbed above $4,300, hitting its highest level in four years.
The rapid rally rattled the crypto derivatives market, triggering a wave of forced liquidations that wiped out hundreds of millions in leveraged positions.
$700 Million in Liquidations as Shorts Get Squeezed
According to Coinglass data, more than $700 million in leveraged positions were liquidated over the past three days, with short sellers taking the biggest hit. In the past 24 hours alone, 107,746 traders saw $350.69 million in positions wiped out. Short traders accounted for $215 million of these losses, while long positions shed $135 million.
Bitcoin shorts bore the brunt of the sell-off, losing $106 million as BTC jumped nearly $4,000 in just one day. Long BTC traders, by comparison, lost only $7.5 million. Ethereum’s liquidation losses were more evenly split, with long traders losing $41 million and shorts losing $49 million as ETH held steady above $4,200.
If momentum continues, analysts warn of a potential cascade effect in the derivatives market, especially for traders betting against further price gains.
BTC and ETH Eyeing Fresh Records
At press time, Bitcoin traded at $122,314, just 0.71% shy of its record high of $123,091. Ethereum hovered at $4,305, still about 12% below its 2021 peak of $4,809. Historically, August has been a bullish month for crypto, and strong on-chain signals suggest a push toward new highs could be imminent.
Institutional participation is adding fuel to the rally. More than 100 public companies now collectively hold over 1 million BTC, while Ethereum’s corporate treasuries continue to expand. Spot ETFs for both BTC and ETH have also seen billions in inflows since July, further bolstering demand.
Capital B Expands Bitcoin Holdings
Adding to the bullish narrative, Capital B (The Blockchain Group), an AI and Bitcoin treasury company listed on Euronext Growth Paris, confirmed the acquisition of 126 BTC for approximately $14.4 million (€12.4 million). This latest purchase boosts its total Bitcoin holdings to 2,201 BTC, valued at around $233.6 million (€201.5 million).
🟠 Capital B confirms the acquisition of 126 BTC for ~€12.4 million, the holding of a total of 2,201 BTC, and a BTC Yield of 1,519.5% YTD⚡️
Full Press Release (EN): https://t.co/W8Kfnx8VE2
Full Press Release (FR): https://t.co/U4YEZD6wlD
BTC Strategy (EN):… pic.twitter.com/B7t557EfcU
— Capital B (@_ALCPB) August 11, 2025
The acquisitions were funded through two recent capital raises, €8.7 million to acquire 80 BTC and €5 million for an additional 46 BTC. Capital B reported a staggering BTC yield of 1,519.5% year-to-date, with gains of 607.8 BTC and approximately €60 million in profit.
With Bitcoin and Ethereum on the cusp of record territory, and institutional buyers like Capital B continuing to accumulate, the stage may be set for a historic breakout in the weeks ahead.
