#Bullrun #Investing

🚀 $BTC Hits New All-Time High of $123,165! 📈

$BTC just smashed through $120K for the first time, surging 5% in 24 hours with a market cap of $2.39T, overtaking Amazon as the 5th largest asset globally!

🔑 What’s Driving the Rally?

• Crypto Week in the US: Key hearings on bills like the CLARITY Act and Anti-CBDC Surveillance State Act could bring regulatory clarity, boosting institutional interest.

• ETF Inflows: US spot Bitcoin ETFs saw $2B in inflows last week alone (SoSoValue).

• Corporate Adoption: Firms like Metaplanet are stacking BTC in their treasuries, following Strategy’s playbook.

📊 Technical Breakout: Coin Bureau’s Nic Puckrin notes BTC broke a 7-year monthly trendline, a level that held as resistance since 2018.

💥 Shorts Get Wrecked: $730M in liquidations across crypto, with $435M from Bitcoin shorts. One trader lost $100M, and another, Qwatio, was wiped out for $211M on Hyperliquid.

🌟 Former Binance CEO CZ reflects: “$1K felt huge in 2017. $123K might feel small in a few years.”

⚠️ Fun fact: In euros, BTC hasn’t yet topped its January high.