$BTC 🚀 Bitcoin Doesn't Stop! The Crypto King Conquers $115,000 and Aims Higher 📈🔥

Bitcoin (BTC) is on fire 🔥! After surpassing $110,000, the crypto king has reached a new milestone, breaking through $115,000 and even touching $116,000. This impressive rise in recent hours is the result of a strong confluence of factors demonstrating unstoppable bullish momentum.

An immediate catalyst was a massive liquidation of short positions (short squeeze). Traders betting against the market were forced to buy to close their positions, driving the price up. This is compounded by the continuous flow of institutional capital into Bitcoin Spot ETFs in the U.S., validating the persistent interest of large investors.

Additionally, macroeconomic optimism is bolstered by comments from political figures and expectations of rate cuts, benefiting risk assets like Bitcoin. In the derivatives markets, "open interest" and positive funding rates indicate that traders are betting heavily on BTC reaching $120,000 or even $140,000. Bitcoin once again demonstrates its volatility and its ability to break barriers, with the market eagerly anticipating its next target.

Coinbase