The currency #البيتكوين $BTC recorded an amazing performance at the beginning of June, achieving a jump of 3.8% over the past 24 hours, as its value touched the level of $110,000 before temporarily stabilizing at $109,600 today. This sharp rise is the strongest so far this month and comes after a wave of decline that pushed the currency to levels close to $100,000 last week.

Drivers of the rise: from position liquidations to risk appetite

The recent increase was not coincidental, but was driven by several influencing factors, most notably the intense activity in trading markets, the noticeable positive shifts in network data, in addition to liquidations amounting to 203 million #دولار . Additionally, there was a de-escalation of tensions, especially between Washington and Beijing.

In another context, data indicates a decrease in Bitcoin reserves $BTC on central exchanges to only 1.01 million units, compared to 1.55 million in July 2024, indicating a trend among investors towards long-term holding. Notably, large wallet activity – known as “whales” – has seen a significant increase, especially in the segment holding between 10 and 100 #بيتكوين، , alongside a noticeable rise in demand from investors.

So, will #البيتكوين break the historical barrier?