BTC Hits $107K — Is a New All-Time High Next?
The post BTC Hits $107K — Is a New All-Time High Next? appeared on BitcoinEthereumNews.com.
Key Notes Bitcoin trades near $107,800, up 24% in a month after breaking key resistance. Realized Cap tops $900 billion, signaling renewed investor conviction. Standard Chartered reinforces $500K BTC by 2029 as governments turn to indirect BTC exposure. Bitcoin BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B has surged past a key resistance level of $107,000 and is currently trading around $107,800, up by 24% over the past month. In the past two days, the largest cryptocurrency has gained over $100 million in its market cap, currently sitting around $2.12 billion. According to blockchain analytics firm Glassnode, this price surge has significantly improved investor portfolios, prompting many to de-risk or lock in profits. Glassnode explained that Bitcoin’s Realized Cap, an indicator that aggregates the cost basis of the circulating supply, has reached a new all-time high above $900 billion. #Bitcoin’s strong price performance as of recent has significantly improved investor portfolios, prompting many to de-risk and take profit. This wave of fresh capital inflows has pushed Bitcoin’s Realized Cap to a new all-time high above $900B, a major milestone in the asset’s… pic.twitter.com/wfbU13FE4K — glassnode (@glassnode) May 20, 2025 Meanwhile, as Bitcoin flirts with a potential breakout, many short sellers are walking on thin ice. Popular analyst BitBull noted on X that as soon as BTC reaches $108,000, $1.1 billion worth of BTC shorts will be liquidated. LET’S LIQUIDATE THE BEARS,” he added. 🚨$1.1B OF $BTC Shorts Will Be Liquidated at 108K$BTC already hit $107K LETS LIQUIDATE THE BEARS! pic.twitter.com/WYwrjgEm8i — BitBull (@AkaBull_) May 21, 2025 Governments quietly increasing bitcoin exposure A recent report by Standard Chartered notes that while US spot Bitcoin ETFs continue to bring inflows, governments and public institutions are gaining indirect exposure by buying MicroStrategy (now called Strategy) shares, which…
Filed under: News - @ May 21, 2025 8:28 am