Bitcoin ($BTC )reached $116,608 on CMC, surpassing May's $111,999 record. Trading consolidation between $113,000-$116,000 follows a decisive breakout above the $108,000 resistance. Binance recorded a $112,036 peak with sustained momentum.
Key Catalysts
• Institutional Flow: Spot ETF inflows triggered $340 million in short liquidations
• Corporate Adoption: Treasury holdings reached 847,000 BTC ($91B)
• Regulatory Shift: Pro-crypto appointments and Trump Media's $1B ETF proposal boosted sentiment
• Technical breakout targeting $117,300-$121,000 range with strong support at $100,000-$103,000
Trading Strategy
Monitor $110,000 as critical support during pullbacks. Current 39-43% long-short ratio signals extreme bullishness, with Europe leading price action (+2,674.81 amplitude). Consider scaling positions during dips while hedging against short-term volatility.
Community Pulse
Binance Square reflects overwhelming optimism (93.55% bullish) through trending posts:
• BTC ATH Surge
• Institutional ETF Demand
• Corporate Bitcoin Gains
