Bitcoin price reached $117,724, with ATH momentum supported by rising liquidity and expanding global credit conditions.
Derivatives data show reduced volumes but strong long/short ratios, pointing to ongoing bullish positioning among top traders.
September’s anticipated rate cut could intensify money supply growth, sustaining Bitcoin’s upward trajectory in the coming months.
BTC is selling at as of writing $117,724 at a daily decrease of 1.09 percent, however it has shown greater gains this week with a percentage increase of 0.85 percent. Liquidity growth and trader positioning indicate that all-time highs are likely to be repeated once again in the coming weeks, although the pace of derivatives activity is slowing.
Liquidity Expansion Fuels Bitcoin
Doctor Profit (@DrProfitCrypto) noted Bitcoin’s recent ATH as the beginning of a broader cycle. He emphasized that repeated records will follow as global money supply growth accelerates.
https://twitter.com/DrProfitCrypto/status/1956457328645185655
Capital expansion is evident across markets, with cross-border credit reaching record highs in both USD and EUR. These flows reflect a global rise in liquidity, a structural factor supporting scarce assets like Bitcoin.
With only 21 million coins in supply, Bitcoin adjusts higher as fiat liquidity expands. This structural feature positions Bitcoin to absorb the effects of monetary growth, making new ATHs recurring events rather than isolated peaks.
Derivatives Positioning Reflects Trader Confidence
Bitcoin derivatives data reveal contracting speculative activity. Overall trading volume dropped -54.64% to $69.91B, while options volume declined -51.58% to $3.09B. Open interest also eased slightly to $82.30B.
In spite of this pullback, options open interest increased modestly up +0.56% to 8B, indicating existence of longer-dated strategies. The traders seem to minimise shorts in the short-term and keep the directional bets.
The long/short ratios show bullish alignment. Binance accounts recorded 1.3403, OKX showed 1.33, while top Binance traders held higher ratios of 1.4301 and 2.1248. These levels confirm sustained confidence in upside continuation.
Rate Cut Outlook and Market Dynamics
Attention now shifts to September’s anticipated rate cut, expected to reduce borrowing costs and expand credit growth further. This step is likely to intensify money supply expansion already visible in cross-border lending.
Each cycle of easing has historically supported risk assets. Bitcoin, as a non-inflationary asset, has consistently advanced during such liquidity expansions. Traders position accordingly, anticipating further upward moves.
Liquidation data reflects this trend. In the past 24 hours, $51.59M in positions were liquidated, with shorts facing heavier intraday pressure. This confirms that recent surges have favored bullish momentum despite lower headline activity.
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