Bitcoin (BTC) soars to $116,000, crypto short investors lose big? (10/29/25)

Jakarta, Pintu News – The crypto market has recently witnessed a significant recovery, with Bitcoin (BTC) and Ethereum (ETH) leading the gains. In the past 24 hours, both digital currencies have recorded impressive gains, marking a recovery from their previous declines.

Crypto Market Recovery: Bitcoin (BTC) and Ethereum (ETH) Rise Sharply

In the last 24-hour period, Bitcoin (BTC) broke through the $116,000 mark, while Ethereum (ETH) reached $4,250. This rise came after a long period of stagnation, demonstrating a return of investor interest in cryptocurrencies. This price increase is not only beneficial for asset holders, but also has a significant impact on the position of investors who are short selling.

This rise has been driven by various factors, including the increased adoption and integration of cryptocurrencies in the mainstream financial system. In addition, restored confidence among institutional investors has also played a role in driving the prices of these two digital currencies.

Also Read: 5 Shocking Ethereum (ETH) Predictions from Robert Kiyosaki that Made Crypto Hunted by Whales

Big Liquidation in the Crypto Market

Data from CoinGlass shows that the liquidation of crypto-related derivative contracts reached $467 million in the last 24 hours. Of this amount, $358 million was liquidated from contracts that speculated on price drops, which translates to about 76.6% of the total liquidations. Bitcoin (BTC) led the way with $177 million, followed by Ethereum (ETH) with $130 million.

This liquidation occurs when the trading platform forces the closure of a losing position after reaching the set loss limit. This often happens when the market moves suddenly and against the predictions of traders who are short selling, causing them huge losses.

Spot Bitcoin (BTC) and Ethereum (ETH) ETFs Attract Investor Interest

Spot ETFs, which allow investors to gain exposure to assets without having to own them directly, have attracted great attention. According to analysts from the CryptoQuant community, Bitcoin (BTC) spot ETFs have seen inflows of $4.7 billion in the last month.

Meanwhile, the Ethereum (ETH) spot ETF, which was only approved mid-2024, is also enjoying inflows, although its value of $983 million is still far below Bitcoin (BTC). The US SEC’s approval of the Bitcoin (BTC) spot ETF in January 2024 has paved the way for more institutional adoption, potentially driving more fund flows into the cryptocurrency.

Crypto Market Shows Resilience

The recovery in Bitcoin (BTC) and Ethereum (ETH) prices demonstrates the resilience of the crypto market despite challenges. This rise is not only favorable for long-term investors, but also provides an important lesson on market volatility and risk for traders.

With more and more financial products available, such as spot ETFs, investors have more tools to get involved in the crypto market in a way that may be safer and more organized.

Also Read: Bitcoin Reserve Drop on Binance: A Bullish Signal for BTC Price in November 2025?

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. $400 Million in Crypto Shorts Squeezed As Bitcoin Tops $116,000. Accessed on October 29, 2025