Bitcoin soars to new all-time high above $112K as traders liquidate shorts
10.07.2025
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Bitcoin price roared to a new all-time high above $112,000. Cointelegraph explains why.
Bitcoin just flexed its muscles, smashing through the $112K barrier like it's nothing. What's fueling this rocket? A mix of global thirst for risk and a brutal $200M liquidation of BTC shorts. Ouch.
The crypto universe is buzzing, with its total cap bouncing back to $3.47 trillion. Still shy of its $3.73T peak from December 2024, but hey, Rome wasn't built in a day.
Meanwhile, Trump's tariff tantrum against a bunch of countries might just be the chaos Bitcoin thrives in. Japan's feeling the heat with a 25% tariff hike starting Aug 1. Drama.
The convergence between on-chain accumulation and off-chain exchange order flow paints a compelling picture: this rally has been built on solid ground, supported by real capital flows rather than short-lived speculative leverage.
Bitfinex analysts are calling this the 'healthy foundation' Bitcoin needed. No shaky hands here, just pure, unadulterated spot buyer dominance.
Sygnum Bank's research head drops the mic: Bitcoin's decoupling from the S&P 500 on bad days is its safe-haven flex. Plus, with exchange reserves drying up, we're staring down the barrel of a supply shock. Buckle up.
Glassnode's ledger shows exchanges are hemorrhaging BTC—down to 2.99M from 3.11M in March. When the music stops, the scramble for coins is gonna be real.
#Bitcoin bull market#Cryptotrading#Position Liquidation#Bitcoin price increase#Cryptocurrency market
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