Bitcoin has surged above $110,000, reclaiming strength after last week’s dip and edging within 2% of its all-time high. The move comes amid flat traditional markets and subdued macroeconomic activity, making it a potential turning point for the crypto market.
Bitcoin Leads the Charge in a Quiet Market
The world’s largest cryptocurrency rose by 3.7% in 24 hours, marking its strongest level in June. Bitcoin is now trading around $109,575 to $110,000, climbing back from a recent drop near $100,000.
- Ethereum (ETH) also showed strength, jumping 3.8% to trade above $2,620.
- Tokens like Hyperliquid’s HYPE and SUI outperformed, gaining 7% and 4.5%, respectively.
Leverage Flush Clears the Path
Bitcoin’s rise caught short-sellers off guard. In just one hour, over $110 million in short positions were liquidated, with $330 million liquidated across crypto. This indicates a significant reduction in excessive leverage, which previously added instability to the market.
“A ‘peaceful rally’—defined by higher highs and higher lows—now defines Bitcoin’s current trajectory.”
Buyers are consistently stepping in, defending support levels, and keeping bullish momentum alive.
Critical Crossroads: Support vs. Sell Pressure
According to analysts, the market is now “at a crossroads.” While technical indicators show strong structural support, on-chain data highlights rising sell pressure from long-term holders—potentially signaling a slowdown in demand.
This delicate balance means Bitcoin’s next move may depend heavily on macroeconomic developments.
Upcoming Catalysts to Watch
This week could bring new momentum or caution:
- U.S.–China trade meetings are on the schedule, which could influence investor sentiment globally.
- U.S. Consumer Price Index (CPI) data, due Wednesday, will offer critical insights into inflation trends and future Federal Reserve policy.
Conclusion: Bitcoin Poised for Next Move
With Bitcoin near record highs, low leverage, and a cautiously optimistic market tone, the stage is set for the next major breakout or pullback. Traders and investors alike should watch macro signals closely in the days ahead.
Bitcoin may be entering its next major cycle— and the market is holding its breath.