#USChinaTradeTalks 🚀 Bitcoin Breaks $110K Barrier: Is the Next Leg Up Just Beginning?

Meta Title: Bitcoin (BTC) Surpasses $110K with 3.69% Daily Jump – What’s Next?

Meta Description: Bitcoin ($BTC) breaks $110K, gaining 3.69% in 24 hours. Discover what's driving the rally, what traders are watching next, and how the Fed may influence the market.

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📈 Quick Take: Bitcoin Blasts Past $110K

As of June 9, 2025, 21:30 UTC, Bitcoin ($BTC) officially smashed through the $110,000 mark. According to Binance Market Data, BTC is now trading at $110,236.06, clocking in a 3.69% increase over the past 24 hours.

Yep, you read that right. BTC is back in beast mode.

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🔍 What’s Fueling the Rally?

Several tailwinds are giving Bitcoin that rocket fuel:

✅ ETF Inflows Are Booming

Big institutions are pouring money into Bitcoin ETFs, pushing demand higher without needing to buy BTC directly.

✅ Fed Meeting Incoming

Traders are betting that the Federal Reserve will pause rate hikes—or even hint at a cut. That’s good news for risk-on assets like BTC.

✅ Liquidation of Shorts

Over $81 million in short positions were liquidated in 24 hours. Translation? Bears got caught off guard.

✅ Strong On-Chain Metrics

Data from Glassnode shows rising wallet activity and declining exchange reserves—classic signs of long-term accumulation.