#BTCBreaksATH
What’s Going On
New ATH breach (~$117k): Bitcoin recently broke past previous resistance ($113k), triggering a flood of short squeezes — resulting in over $450M in liquidations of bearish positions .
Institutional and retail demand: Record inflows into spot Bitcoin ETFs (over $50B total), combined with corporate treasury buys and political signals (e.g., Trump pressure on Fed), have created huge momentum .
Macro & regulation tailwinds: Expectations of U.S. rate cuts, geopolitical uncertainty, and increased regulatory clarity in Europe (MiCA) have strengthened Bitcoin’s narrative as a store-of-value .
