#Liquidations #bullish

🚀 Bitcoin hits new all-time high above $113,600! 📈

BTC surged from $108,950 on July 8, smashing past the July 9 peak of $112,000. Over $50M in liquidations hit in just an hour, per Coinglass. 💥

📊 ETF demand is tightening supply, with $218M in net creations on July 9, pushing cumulative inflows past $50B. BlackRock’s IBIT leads, while smaller issuers see rising volume (SoSoValue, Farside Investors).

💵 Macro tailwinds: Dollar index dips for third session after Fed signals rate cuts. Bitfinex’s Jag Kooner says tariffs could weaken USD, boosting BTC as a hedge.

📉 Leverage remains tame, with futures premiums at 9-11% (CME, Binance), far from March’s 35% mania. Support at $107K (50-day MA), resistance at $112.8K-$113K.

📈 MVRV Z-Score at 2.4, well below the 7 “euphoria” mark, hinting at more upside room.