Bitcoin’s Meteoric Rise: Surpassing $108K and Liquidating $359K in Shorts
Bitcoin has once again demonstrated its volatile and bullish nature by surging past the $108,000 mark, triggering a massive short squeeze that liquidated $359,000 in bearish bets within hours. This dramatic 240% surge in liquidation levels from earlier figures highlights the intense market activity and shifting sentiment. The rapid ascent from $105,000 to $107,000 caught many Leveraged traders off guard, abruptly flipping the market from bearish to bullish. With nearly 97% of Bitcoin holders now in profit, the Fear of Missing Out (FOMO) is intensifying, further fueling the rally. This development underscores Bitcoin's growing dominance and the potential for even higher price targets in the near future.
Bitcoin Surges Past $108K as $359K in Shorts Are Liquidated in Hours
Bitcoin's price soared beyond $108,000, triggering a violent short squeeze that wiped out $359,000 in bearish bets within hours—a 240% surge from earlier liquidation levels. The rally from $105,000 to $107,000 unfolded with such velocity that leveraged traders were caught flat-footed, abruptly reversing market sentiment from bearish to bullish.
Nearly 97% of Bitcoin holders now sit on unrealized profits, amplifying FOMO-driven buying pressure. With the asset hovering near its all-time high of $111,900, analysts see growing momentum for a retest of record levels. Glassnode data confirms liquidations spiked alongside the move, signaling a decisive shift in trader positioning after a week of downward pressure.
Strategy Shifts Bitcoin Accumulation Strategy to Preferred Stock Offerings
Strategy (MSTR) has pivoted from common share issuance to perpetual preferred stock offerings for funding its bitcoin acquisitions. The move comes as the narrowing premium between the company's market cap and its Bitcoin holdings makes common equity offerings less attractive. By utilizing STRK and STRF preferred stock ATMs, Strategy maintains its BTC accumulation pace while avoiding dilution for common shareholders.
The preferred instruments have delivered robust returns - 35% for STRK and 24% for STRF since inception - creating an efficient capital-raising mechanism. Analyst Jeff Walton notes an additional factor: declining effective dividend yields on these preferred shares, even as Treasury yields remain elevated. This financial engineering allows Strategy to continue building its Bitcoin position without compromising common shareholder value.
Bitcoin Solaris Presale Nears Completion Amid High Demand for 233% Projected Returns
Bitcoin Solaris (BTC-S) is capturing institutional attention with its presale allocation nearly exhausted ahead of launch. The project positions itself as a structural evolution of Bitcoin, combining Proof-of-Work security with Delegated Proof-of-Stake efficiency through its Helios dual-consensus system.
The architecture claims 10,000 TPS capacity and 99.95% energy reduction versus traditional mining chains. Third-party smart contract audits have been completed, though technical documentation remains partially undisclosed at press time.
Bitcoin Nears All-Time High as Bulls Challenge Key Resistance
Bitcoin's price surge has brought it within striking distance of its all-time high, hovering just 4% below the $111,980 peak. The cryptocurrency has successfully retested its re-accumulation range after four weeks of consolidation, signaling a potential transition into a new phase of price discovery. Market watchers now focus on whether bulls can overcome bearish resistance at $109,800.
The breakout follows a convincing breach of the $106K-$107.6K resistance zone, with BlackRock's BTC ETF reaching $70 billion in record time—the fastest fund to achieve this milestone. Exchange reserves continue their downward trajectory since December 2024, hitting multi-year lows as institutional demand surges.
