Bitcoin (BTC) Surpasses $110,000: Shorts Liquidated En masse
Short squeeze! The Bitcoin price reached a new all-time high, surpassing $110,000 on May 21, 2025. This new high was reached after a rise of nearly 4% over the last 24 hours. This sudden increase led to a wave of massive liquidations for traders who had bet on a bearish price on BTC. Here's an update.
Key points from this article:
Bitcoin reached a new all-time high, surpassing $110,000, shocking the market.
A wave of massive liquidations, caused by a short squeeze, led to considerable losses for traders betting on a bearish price.
Bitcoin: A Rise Driven by Several Factors
Bitcoin's rise can be attributed to several factors. First, of course, Donald Trump's pro-crypto presidency has strengthened investor confidence in the cryptocurrency.
Furthermore, Trump's appointment of Paul Atkins, a cryptocurrency advocate, as SEC chairman, was also seen as good news for the market.
Finally, the growing adoption of cryptocurrencies by financial institutions, with the SEC approving several Bitcoin Spot ETFs, has also helped support the price of Bitcoin. ETFs, such as BlackRock's IBIT, are raking in billions of dollars.
๐นFollow us for more crypto news
๐ข Buy & Trade Here ๐
#BinanceAlphaAlert #BTCBreaksATH110K #BinanceHODLerHAEDAL #DinnerWithTrump #GENIUSAct