Bitcoin Surpasses $122K, Nears All-Time High Amid Crypto Market Rally

Bitcoin topped $122K, approaching its July 14 record high of $123K. Futures liquidations surpass $361M, reflecting intense market activity. Crypto Fear and Greed Index rises to 62, signaling strong investor greed. On August 11, Bitcoin’s price surpassed $122,000, closing in on its near-month-long record high of $123,000 set on July 14, 2025. According to TradingView, Bitcoin was trading around $122,317. This price surge fueled a crypto market rally that triggered over $361.83 million in futures contract liquidations. Traders holding short positions lost approximately $215.75 million, while long position holders incurred losses of $146.09 million. Overall, 110,524 traders suffered liquidations, with Bitcoin and Ethereum traders accounting for roughly $115.29 million and $94.69 million, respectively. The crypto market’s Fear and Greed Index rose to 62, indicating a prevalent mood of greed among investors—up 18 points from the prior week. Bitcoin’s dominance in the market stood at 60.72%, while the total cryptocurrency market capitalization rose to $4.06 trillion, sustaining its position above the $4 trillion milestone first crossed on July 18, 2025, when the market cap neared the valuation of major tech giant Nvidia. This renewed momentum reflects growing investor confidence, increased trading activity, and a bullish market environment. The high liquidation volume highlights both the volatility and the strong engagement of traders in the current rally phase. The elevated Fear and Greed Index suggests optimism but also signals caution, as greed-driven markets can precede corrections. For the broader crypto sector, Bitcoin nearing all-time highs supports sustained interest and may encourage inflows into Ethereum and top altcoins. The rising market cap reinforces cryptocurrency’s expanding role in financial portfolios, possibly attracting fresh institutional and retail capital.

Source: Coinpaper