🟢 **Bitcoin Hits New ATH—$118K+!**

BTC surged past $118,000, triggering over $1 billion in short liquidations within 24 hours—including one $12.7M short on Binance .

Ethereum soared to around $BTC

6,500, with XRP, Solana, and Cardano each gaining 8–12% .

📈 Key Drivers Behind the Rally

Institutional inflows: Major investment funds and pension managers are increasing their BTC exposure .

Cooling U.S. inflation: A softer macro environment has strengthened risk asset sentiment .

ETF expansion in Asia: Growing expectations around Bitcoin ETF approvals across Asian markets .

Mainstream crypto adoption: More tech platforms now accepting Bitcoin as a payment method .

📊 Market Outlook

Crypto market cap is above $4.5 trillion .

Analysts predict a continued bullish trajectory, with resistance potentially forming around $120K–$125K .

On‑chain signals (like low exchange balances and ETF momentum) suggest further upside .

🔑 Bottom Line from BitEagleNews

Bitcoin’s historic breakout—driven by institutional demand, favorable macro trends, ETF hopes, and real-world usage—has sparked massive liquidations and major altcoin rallies. All eyes are now on the $120K–$125K zone as potential next resistance.