📈 Bitcoin Breaks Historical High!
Today, the price of Bitcoin first touched $112,052, surpassing the previous high set in May ($111,999), with an increase of nearly 20% this year.
Driving Factors:
1. Institutional Funds Flowing In: ETFs continue to attract capital, and corporate treasury holdings are increasing, with demand showing "structural, regulated, and stable" characteristics;
2. High Risk Appetite: Nvidia's market value breaking $4 trillion has led to a rally in tech stocks and crypto assets;
3. Supportive Macroeconomic Environment: Rising global political uncertainty, Bitcoin has both the safe-haven property of "digital gold" and the momentum of a risk asset.
Market Dynamics:
• Short sellers faced $340 million in liquidations within 4 hours, and open interest in bullish options (targeting $120,000) surged in the derivatives market;
• Analysts warn of potential profit-taking in the short term, but the trend remains bullish, with the next target pointing to $120,000-$150,000.
Note: The current price has slightly retraced to around $111,000; volatility risks should be monitored.
