BTC has broken past a historic milestone, soaring to an all-time high of $122,180, fueled by record ETF inflows, optimism around upcoming U.S. crypto legislation, and growing expectations of a Fed rate cut. Over $183 million in BTC shorts were liquidated in the past 24 hours, adding fuel to the upside momentum.
Institutions are continuing to accumulate, and analysts from Bitget and Pepperstone note that Bitcoin is “well-positioned to test $125,000” if macro conditions and capital rotation remain favorable.
