$BTC
đ Price Snapshot & Market Context
⢠Current price on Binance spot is about $110,985, recently hitting an intraday high near $111,748 and a low near $108,622
⢠Binance shows a new ATH above $112K (BTC/USDT), driven by short squeezes and institutional inflows
⢠Global sentiment remains strong amid macro support (Fed rate-cut hopes, weak USD), boosting BTCâs position as a safe-haven asset ().
đ Key Drivers Behind the Move
1. Near-record high (~$112K)
BTC reached record levels on Binance and other platforms as investors closed short positionsâaround $200M+ liquidated
2. Positive macro backdrop
Fed minutes suggest rate cuts; USD weakenedâadding momentum to risk assets like BTC
3. Institutional momentum
Spot ETFs have drawn billions in inflows, and over 135 companies hold BTC in their treasuriesâhighlighting growing adoption
$BTC
đ Price Snapshot & Market Context
⢠Current price on Binance spot is about $110,985, recently hitting an intraday high near $111,748 and a low near $108,622
⢠Binance shows a new ATH above $112K (BTC/USDT), driven by short squeezes and institutional inflows
⢠Global sentiment remains strong amid macro support (Fed rate-cut hopes, weak USD), boosting BTCâs position as a safe-haven asset ().
đ Key Drivers Behind the Move
1. Near-record high (~$112K)
BTC reached record levels on Binance and other platforms as investors closed short positionsâaround $200M+ liquidated
2. Positive macro backdrop
Fed minutes suggest rate cuts; USD weakenedâadding momentum to risk assets like BTC
3. Institutional momentum
Spot ETFs have drawn billions in inflows, and over 135 companies hold BTC in their treasuriesâhighlighting growing adoption
$BTC
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BTC
118,001.1
-0.25%
