BTC Surges 3.38% as $35M Shorts Liquidated and Harvard Endowment Fuels Institutional Momentum

Bitcoin (BTCUSDT) experienced a 3.38% price increase over the past 24 hours, rising from a 24h open of 118107.79 to a current price of 122104.14 on Binance. The price surge is attributed to several key factors: over $35 million in BTC short positions were liquidated, indicating strong bullish momentum; a whale withdrawal of 274.22 BTC from Binance after a period of inactivity suggests renewed large-scale investor interest; and Harvard University's endowment fund disclosed a $116 million investment in BlackRock's iShares Bitcoin Trust, boosting institutional confidence in Bitcoin. Additionally, recent news highlighted Bitcoin reaching new highs, with expert analysis pointing to potential further surges if support levels are maintained. Trading volume has increased significantly, with market capitalization remaining robust and Bitcoin maintaining its dominance at approximately 58.65% of the total crypto market. Overall, BTCUSDT has shown strong upward movement and heightened market activity in the last 24 hours.