#BTCReclaims120K
Bitcoin (BTC) recently broke above the $120,000 threshold, signaling renewed bullish strength in the market. This breakthrough was bolstered by soaring exchange spot volumes—particularly on Binance—and a notable uptick in open interest and funding activity . Analysts warn of a looming short squeeze, estimating that even a 10% upward move could liquidate over $18 billion in short positions . With both retail and institutional participation ramping up, and technical indicators aligning, Bitcoin’s reclaim of $120K may mark the start of a sustained rally—or at least open the door to fresh all-time highs
