$BTC Breaks $110K as Market Optimism Grows
Bitcoin has surged past $110,000 for the first time in two weeks, supported by rising demand and improving global sentiment. Here’s what’s driving the rally:
U.S.–China Trade Talks Improve
Positive signals from both nations hint at lower tariffs and relaxed export rules, boosting investor confidence and risk appetite.
$323M in Shorts Liquidated
Massive short positions were wiped out, including $196M in BTC alone. This forced buying added strong momentum to the rally.
Big Players Accumulating
A major fund added 1,045 BTC (worth $110M) last week. It now holds 582K BTC valued at over $62B. Firms like Trump Media, MetaPlanet, and GameStop are also buying.
Exchange Balances Drop
BTC held on exchanges has fallen to 1.18M from 1.57M in January, showing strong long-term holding and less selling pressure.
Trump–Elon Tensions Ease
A calmer tone between Trump and Elon Musk has reduced political noise, helping boost market confidence.
With Bitcoin rallying, Ethereum could be next to surge, setting the stage for a major altcoin season soon!
