Bitcoin broke its all-time high price record at $119,292.62.
After this historic high, the price has retreated somewhat and is currently trading at $118,979.14. Bitcoin, which has gained 9.22% over the past seven days, has once again attracted investor attention.
In the last 24 hours, the cryptocurrency market saw a total of $205.37 million in liquidations. $83.77 million of these liquidations came from long positions and $121.59 million from short positions. The assets that saw the most liquidations were as follows:
BTC: $41.13 million
ETH: $35.06 million
XRP: $15.32 million
XLM: $10.69 million
Altcoins like PENGU, DOGE, SOL, and HBAR also saw liquidations worth millions of dollars.
“Bitcoin has historically been highly correlated with tech stocks, and that trend continues,” said Nic Puckrin, crypto analyst and founder of Coin Bureau. Bitcoin, which has risen around 21% since the beginning of 2025, has also been supported by the Trump administration’s crypto-friendly policies, including the creation of a strategic Bitcoin reserve and the expansion of digital asset holdings.
Pepperstone research strategist Dilin Wu stated that the underlying reason for this rally is the ongoing structural inflows from institutional investors. Wu also emphasized that companies continue to accumulate Bitcoin, noting that firms like MicroStrategy (MSTR) and GameStop (GME) are adding BTC to their balance sheets.
Trump Media & Technology Group (DJT) reportedly filed an application this week requesting approval to launch a “Crypto Blue Chip ETF” with approximately 70% of its portfolio comprised of Bitcoin.
*This is not investment advice.