Bitcoin soars past $117,400, market explodes!
After breaking $113,800 last night, Bitcoin continues to rise, currently reaching $117,400, driving the entire crypto market to surge!
In the last 24 hours, a total of $1.13 billion in perpetual contracts was liquidated, with short positions facing liquidations exceeding $1 billion, short sellers have been wiped out!
Who is pushing up the market? Institutions are going on a buying spree!
Since July, the cumulative net inflow into US spot ETFs has exceeded $50 billion, becoming the main driving force behind Bitcoin's rise.
Glassnode data shows: Bitcoin's "realized market cap" has increased by $4.4 billion, indicating that this is genuine buying, not speculative bubbles.
What’s the next target? Analyst opinions summarized:
CryptoQuant: If the MVRV indicator rises to 2.75, Bitcoin is expected to challenge $130,900.
Risk warning: Long-term holders have an average unrealized gain of 215%; if it exceeds 300%, it may trigger selling pressure.
🚀 Milk Road founder is even more optimistic: targeting $150,000!
📌 Summary: Institutions entering + retail liquidation + spot driving = bull market fast lane!
Bitcoin is on the brink of a new main wave surge, are you ready?
