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Bitcoin Smashes Records: $110K Becomes the Next Bullish Battleground

Bitcoin Smashes Records: $110K Becomes the Next Bullish Battleground

Author:
Coindesk
Published:
2025-05-21 05:21:44
15
3

BTC just locked in its highest daily close ever—traders are now eyeing the six-figure threshold as the next psychological milestone. Here’s why the market’s buzzing.

The price surge nobody saw coming (except maybe the permabulls)

Bitcoin’s latest rally left analysts scrambling to update their charts. The $110K level isn’t just another number—it’s the line in the sand between ’hot streak’ and ’full-blown mania.’

Institutions FOMO, retail traders yawn

While Wall Street scrambles to reposition portfolios (better late than never, guys), crypto natives barely blink. After all, waking up to another ATH is just Tuesday in this market.

One cynical footnote: Watch how fast traditional finance pivots from ’digital gold is a scam’ to ’we totally believed all along’ when their clients start demanding exposure.

BTC dealer gamma exposure at various strikes. (Deribit/Amberdata)

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