#BTCBreaksATH $BTC

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📈 Bitcoin smashes through $112,000

Bitcoin surged to a fresh all‑time high near $112,022, before consolidating around $111,200–$111,400, marking roughly an 18–19 % gain year‑to‑date .

🚀 Key catalysts behind the rally

Institutional flows: Major inflows into spot Bitcoin ETFs, including BlackRock’s IBIT, which surged to record holdings of 700,000 BTC .

Corporate treasury buys: Companies like Strategy (Michael Saylor's firm) and Trump Media & Technology Group are actively accumulating BTC .

Macro tailwinds: Tech stock strength (Nvidia’s $4 tril market cap), prospect of Fed rate cuts, and pro-crypto U.S. policies have enabled risk-on momentum .

🔍 Technical & market outlook

Short-squeeze: Roughly $300–480 million in shorts were liquidated during the rally .

Altcoin sentiment: Bitcoin dominance eased from ~66% to ~64.5%, signaling potential rollout of an altcoin season .

Further targets: Analysts see upside toward $120,000–$146,000 if momentum holds, with support around $107k–$100k .

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Bottom line: Bitcoin’s new ATH is fueled by institutional demand, corporate accumulation, bullish macro forces, and technical breakouts—setting the stage for continued upside as long as risk sentiment remains favorable.