Bitcoin Short Squeeze Spark $118.8K All Time High Amid $1.2B ETF Money Enter
Big Bitcoin short squeeze wey comot from more than $12 billion positions wey dem liquidate, don push BTC pass $118,800 reach new all-time high. For di past 24 hours, pass $1.2 billion leveraged crypto trades don wipe, including $567 million Bitcoin shorts, after BTC close well above di $109K resistance.
Di Bitcoin short squeeze show say institutional demand dey grow. U.S. spot Bitcoin ETFs get $1.18 billion inflow this week, BlackRock’s IBIT lead di pack. Corporate treasuries like Strategy and Metaplanet also boost their Bitcoin holdings. Softer U.S. dollar and worldwide de-dollarization trends add to di bullish feeling.
Some select altcoins join di rally. Ethereum don climb pass $2,879 and dey eye $3,400–$3,750. Uniswap (UNI) clear resistance at $8.64, target $10.36. Sei (SEI) and Hyperliquid (HYPE) reject bearish patterns and dey target fresh highs. Traders suppose watch key support levels—$110,530 for Bitcoin and $2,879 for Ethereum—to sabi if trend strong.
Market people suppose prepare for longer crypto summer, with capital fit rotate from big-caps go high-potential altcoins and memecoins, just like 2017 cycle.
Bullish
Di combine news wey talk di record Bitcoin short squeeze plus strong ETF inflows don create beta expectation. Short liquidations don clear resistance and start strong momentum, plus institutional money from ETFs and corporate treasuries dey support steady demand. Some selected altcoins wey dey follow Bitcoin rally still dey boost market breadth. For short term, traders fit see more upside as key support levels hold. For the long term, more institutional adoption plus historical move into high-potential altcoins mean say beta bull cycle fit last long.