#BTCBreaksATH Bitcoin reached a new all-time high of $112,000, causing over $226 million in liquidations, of which $214M were shorts. The rally was driven by institutional accumulation, reduced reserves on exchanges, and expectations of rate cuts by the Fed.$BTC

Bitfinex analysts claim that the movement is backed by real capital flows, not speculative leverage. The heat map shows a liquidity zone at $105,700, which could act as a magnet before the next rise.