BTC Surges 6% to New All-Time High as $50B ETF Inflows and Short Liquidations Drive Rally

Bitcoin (BTCUSDT) has experienced significant upward momentum in the past 24 hours, with the price rising 6.08% from a 24h open of $111,124.00 to $117,878.01 on Binance. This increase is largely attributed to strong institutional demand, as evidenced by over $50 billion in net inflows into US spot Bitcoin ETFs and notable corporate acquisitions by firms such as BlackRock, Metaplanet, and several European companies. The liquidation of nearly $200 million in short positions following Bitcoin’s new all-time high has further fueled bullish sentiment and contributed to the price surge.

Currently, Bitcoin is trading with high volatility, reaching a 24-hour high of approximately $118,880 and a low near $110,500, supported by substantial trading volumes exceeding 37,000 BTC and a market capitalization around $2.16 trillion. Technical indicators reflect a bullish market outlook, with recent gains of over 4% in the past week and a strong buy signal at current levels.